I guess its okay to stiff the IMF and EU (heck, I would if I could)…That seems to be the message of the markets on this quiet holiday monday afternoon.

EUR/USD is holding its ground after dipping to test trendline support in the 1.3470s (overshooting by a few pips, briefly…) despite the talk of Greece stretching out debt payments to the EU and IMF to avoid having to pay as much as EUR 70 bln annually in 2014 and 15…

EUR/USD trades quietly at 1.3890.