Fmr Greek PM Papademos says preparations being considered for Greek exit
Merkel and other shoot down eurobonds
China CIC official criticizes European response to crisis
Tsipras: rejecting bailout program won't mean euro expulsion
US existing homes sales 4.62m vs 4.61m exp
Richmond Fed +4 vs +11 exp
Eurozone consumer confidence -19.3 vs -20.5 exp
EU Summit likely to discuss ESM funds for banks
EFSF funds approved for Greek banks
Belgian consumer sentiment at 7-month high
EU's Rehn says eurobonds require medium/long-term planning
Russian central bank diversifying into CAD
Egan Jones downgrades Spain two notches
Fitch says LTRO3 growing more likely
Discount rate minutes show 10 of 12 voting for no change
Oil down nearly $1 to $91.66 as Iran nuclear deal reached
S&P 500 +0.05% to 1317
USD leads, NZD and AUD lag
The market was holding together until Europe closed. Shortly afterwards, the euro fell to a session low and from there it was straight down to 1.2658. The final kicker came from Papademos but the market was looking for the exit before his comments hit.
USD/JPY challenged offers at 80.00 throughout the morning and finally broke though to 80.15 but as sentiment deteriorated, it was right back down to 79.95 ahead of the BOJ decision.
Cable found a bid in US trading, sending the pair to 1.5820 but the market U-turned back to 1.5770 and then down to 1.5740 at the day's end, ahead of bids at 1.5735.
The early fall in AUD was the market's tell today. AUD/USD cilmbed as high as 0.9935 in Europe but the bounce that began yesterday was slowly snuffed out and the pair touched a 2012 low of 0.9787 near the end of the day.
Gold was choppy, climbing to $1590 then plunging to $1561.
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