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Hardy: FX Update - USD keeps traders waiting and Greek talks drag on

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Saxo Bank's Head of FX strategy John Hardy says traders are waiting for a move in major USD pairs to confirm dollar strength. The boost from last week's Non-Farm Payrolls has yet to be fully realised in the markets according to John who notes that only USDJPY appears to be sending a clear signal of a stronger USD.

With the Greek situation still having the potential to throw in unexpected risks, John assesses to what extent the markets have now priced in the ongoing negotiations over the bail-out for Greece.