Published at 06:37 (GMT) 28 Jul

EURUSD

Still 2-way real money, funds, intraday and sovereign, options in EUR/USD around 1.2950-1.3050 for now, with focus on huge 1.2850 expiries today - amounts from EUR1-5bln. Meanwhile more on Greece, FT: Greek Finmin George Papaconstantinou also predicted that Greece's recession would be shallower than forecast, with the economy set to shrink this year by 3 to 3.5% compared with an earlier projection of 4%. But he admitted there were "danger zones" that could undermine fiscal consolidation, such as persistent spending overruns at state hospitals. While German Econ Min Rainer Bruederle says Germany now has sustainable recovery and is exiting crisis measures step by step. On FX, EUR/USD hit highs of 1.3025 earlier from 1.30 on EUR/JPY demand to 10-wk highs. EUR/AUD up after Aussie selloff on weaker Q2 CPI - thus likely RBA pause on 3Aug. EUR/AUD hit 1.4520-30 from 1.44 lows.WL