The Euro (EUR) broke above 1.3000 in European trade but the move was short lived with EUR/GBP and EUR/AUD selling weighing on the major. Concerns that Greece could not come to a political agreement on the new labor reforms with opposition rejecting the Troika’s demands. Also S&P downgraded multiple French banks overnight and this added to the underperformance. EUR/USD ended near 1.2940 supports.
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