Greece's Democratic Left renews hopes of coalition government
Syriza surges in latest Greek poll
US initial jobless claims 367K vs 368K exp
US GDP forecasts revised lower after larger trade deficit
Bernanke says choppy recovery keeping credit sluggish
NIESR estimates UK contracted 0.2% in Q1 vs +0.1% prior estimate
EU ministers to meet Monday, will discuss Greece
S&P: Spanish moves on banks positive
Spain to get more time to deliver deficit goals
Japan could intervene if it sees excessive speculation
US monthly budget surplus largest since 2008
S&P 500 gains 0.2% to 1358
AUD leads, JPY lags
Ho-hum session for the euro in a 40 pip range and closing at 1.2946. Positive comments about the potential for a Greek coalition pushed EUR/USD to a session high at 1.2979 but the move quickly stalled out.
The momentum from the BOE decision continued two hours into US trading, sending cable above 1.6180 but the move stalled out after options expiration and briefly traded below 1.6150 late in the day.
Rising US bond yields boosted USD/JPY despite a strong 30-year Treasury auction. The pair flirted with 80.00 throughout the day but has not been able to break higher.
The commodity bloc had some momentum in the early going but it was short-lived as USD/CAD rebounded above parity and AUD/USD below 1.01.
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