Report: Greece reconsidering Juncker proposal – Watch the debt relief clause

Last night we reported about a Greek rejection of a last minute proposal by Juncker. Now it seems they may be reconsidering according to fresh reports. Update: there is an official denial. But, as the saying goes: “never believe anything until it is officially denied” means that anything can still happen today.

EUR/USD is a bit higher on the news, but there is hesitation. It initially jumped to 1.1178 but is sliding again to the “magnet”: the Friday close at 1.1160.

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