The pair ended in New York Monday around $1.2871, off traded highs of $1.2883, with traders attention remaining on Wednesday’s Fed’s minutes for June, which will be of particular interest re any tapering. This morning, a fund name was spotted selling the euro at the Asian open, the sales nudging euro-dollar to a low just under $1.2850, at $1.2846. The move ran out of steam there before European corporate accounts then bought the pair up from $1.2800, before it topped out at $1.2871. Gains tapered off again as the morning ended, with the pair at $1.2865 ahead of the start of the European day. Offers remain above $1.2870, stronger between $1.2880/85. Minor stops noted on a break of $1.2890 but if triggered to run into further sell interest placed into $1.2900. Demand seen into $1.2840 with reports of stops below, a break to expose next demand interest seen from $1.2815 and said to extend, and strengthen, toward $1.2800. Eurogroup agreed the next disbursement of financial aid to Greece last night, the move expected and was seen supporting the euro through Monday trade. A light data calendar today expected to keep markets fairly subdued until Wednesday
