Encouraged by progress so far

She adds:

  • 1st disbursement to Greece under new program in time for August 20 ECB payment is "ambitious but realistic"

The EURUSD trades near the NY session lows at the 1.09456 (currently at 1.0952).. The pair remains confined to a 56 pip trading range for the day. Yesterday the range was 55 pips. Not much going on.