The euro popped higher on news that Greek PM Tsipras is prepared to accept bailout conditions, but subsequently gave back most of those gains, leaving EUR-USD near net unchanged in the low 1.11s. The forex market seem more wary than stock markets, as the pan-Europe STOXX 600 equity index was showing a 1.6% gain in the early PM session. German Finance Minister Schaeuble still took tough line on Greece, saying the letter from Tsipras that accepted most of the bailout conditions lacks clarity and that Greece's proposals still aren't a basis for serious measures.
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