ForexLive North American wrap: Greece still the word

Samaras willing to tolerate minority government Greece's Tsipras: There must be a moratorium on Greek debt repayments Spain PM Rajoy: Spanish funding market shuttered Spain to order large bank capital buffers Monti convinced eurobonds coming one day IIF's Dallara: European austerity may have gone too far EU to discuses Greece May 16 JOLTS job openings rise to 3737 from 3565 Rumors of a US natural gas pipeline cyber attack WTI crude down 63-cents to $97.30 after touching $95.25 March Canada housing starts 244.9K vs 204K exp Gold falls to lowest since January Greece stocks fall to lowest since 1992 US 10yr yields fall to 3-month low S&P 500 falls 0.4% to 1364 The comments from Tsipras caused lots of chatter about the implications of a Greek eurozone exit, sending the euro to 1.2982. EUR?USD staged a comeback when Samaras said he would be willing to tolerate a minority government. That got the euro to 1.3025 and a later rebound in stocks sparked it further to 1.3043. Optimism has waned late despite the stock market rebound with EUR/USD at 1.3012. USD/JPY scrambled to 79.91 in the early going but a breakdown in US yields weighed and the pair drifted to 79.74. Late optimism led to a small climb to 79.84. Repeated efforts to sell GBP/USD below 1.6125 were defended and the pair rebound to 1.6169. Oil, gold and the commodity currencies were hit with USD/CAD climbing above parity and to 1.0020.
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