Euro struggling to maintain a bid.

A rebound to 1.0765 in early US trading has mostly faded with EUR/USD back down to 1.0732. The session lows is 1.0713.

Traders have been looking at the calendar this week and searching for an economic focus but it's a struggle to wee anything overshadowing Greece.

Meanwhile, some comments just hit from RBA Governor Stevens:

  • Further forex adjustment may lie ahead
  • EXchange rate plays a role in economic adjustment
  • Would be uncomfortable if household debt rose further

Similar comments to the ones that earlier weighed on AUD/USD. The pair is testing the session low of 0.7712 and there could be another round of stops on a break.

Update: Stevens says "I'll be surprised if the Aussie doesn't go down some more" ... and it does, down to 0.7709.