ForexLive North American wrap: Euro shorts squeezed

Talk of large Australian order to buy euros Greece misses 210 of 300 Troika targets U Mich July consumer sentiment 72.0 vs 73.4 exp US June PPI +0.7% y/y vs +0.2% exp NY consulting shop says ECB could go to negative deposit rates in September Spain to hike VAT on Sept. 1 Spain approves liquidity mechanism for regions Greece could default on maturing bonds held by the ECB Fed's Lockhart: Policy “untenable” if economy remains on current track Fed's Lacker: I see no need for additional stimulus EUR shorts 165K vs 146K S&P 500 +1.65% to 1357 GBP leads, USD lags