Better than expected terms for a Greek buyback sent the euro to a new six-week high. CNBC The refusal by China's central bank to allow the yuan to appreciate faster is leaving the onshore currency market moribund. [CNBC]
China and South Korea have agreed to use their currency swap agreement to boost the use of the yuan and the won in bilateral trade. [CNBC]
Australia's central bank cut interest rates 25 basis points, and investors who had been expecting more sent the Australian dollar higher. [FT]
The Bank of England is facing calls to support yuan trading in London. [FT]
