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Waiting on Greece

Dollar yen moving higher this morning, as Greece waits for the Eurozone Finance Minister to offer their judgement on the reform proposals put to them overnight. This reflects on some generalised dollar strength being seen, which has also pushed the Aussie below the 0.7750 level. This is all happening ahead of Yellen’s testimony later today, where markets are going to be very sensitive to any change in tone or further indication on the timing of the first rate hike from the Fed.

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