The euro is trading steadily in the mid-1.11s against the dollar after recovering from an early Asia-Pacific dive to 1.1094, which was the initial reaction to news that a deal between Greece and its creditors has still not been reached. The EU Summit is still dealing with "final consultations." The main sticking points are IMF involvement and an asset fund to be tasked with the privatisation of Greek assets. EU's Moscovici said earlier that there is a shared willingness for Greece to stay in the euro, and European parliament head Schulz also ruled out a temporary Grexit.
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