Citi: focus to stay firmly on Athens today

From Dow Jones:

“Focus to stay firmly on Athens today says Citi because there is very little in terms of fundamental data releases to drag traders’ attention away from developments in Greece. Overnight, renewed optimism of a progress in Greece has helped boost EUR and Citi suspects that “a move closer to a deal on the second Greek bailout could help EUR and risk-correlated currencies regain some more ground with JPY and USD among the key underperformers.” However, with the clock ticking in Athens, any further delays could put the bounce in these currencies to the test, says the bank. That should see the likes of EUR, SEK and NOK continue underperform against the likes of AUD and NZD, which are less exposed to the developments in the euro zone. EUR/USD now at 1.3279.”

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