The euro has traded moderately firmer, with EUR-USD establishing itself in the upper 1.10s after recovering from a 1.1032 low, EUR-CHF knocking at the door of 1.0500, and EUR-JPY holding in the upper 136s, over half a big figure up on yesterday's closing level. We don't read too much into the price action as Forex market participants remain largely noncommittal into the U.S. payrolls report and Sunday's referendum in Greece.
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