EUR/USD: Credit event? What credit event?

EUR/USD is a shade firmer, 15 minutes or so after the ISDA finally declared that Greece had indeed defaulted on its debt. Hard to imagine what took them so long.

EUR/USD is changing hands around 1.3115, up from 1.31103 in the immediate aftermath of the non-news.

EUR/USD has shown no life above 1.3120 in about 5 hours. Perhaps we get a modest short covering pop late in the day, but only a sadist would sit around to play it…

Call it a weekend, y’all.

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