As one of the commentators noted, the Journal reports that there could be a joint EU-IMF deal to lend aid to Greece. There have been so many permutations of aid deals during this saga, I’ll believe it only when they put out the press relief. The most logical course of action (debt guarantees) will not be used, so what ever mechanism they come up with will be somewhat novel.
EUR/USD is trading near 1.3630 after an action-packed late morning in New York. 1.3650/60 is resistance on rallies.
