- Rtrs: EU Summit building roadmap to banking union, fiscal integration
- Troika postpones trip to Greece, PM and fin min ill
- NYT: China fudging growth numbers
- Talk of PBOC rate cuts
- German upper house agrees to back ESM
- Austrian Fin Min opens door to Greek negotiations
- Schaeuble closes the door
- Greece hired 70K public sector workers since 2010
The euro opened lower and continued to 1.2529 before bids ahead of 1.25 lent a helping hand up to 1.2541. Worries about China and the EU Summit are paramount but the Reuters pre-summit report shows some progress underway.
USD/JPY was choppy, taking out Friday’s high and running through stops above 80.55 before turning around and dropping to 80.23.
Oil up to $80.23 but other risk assets on the defensive.
