Greece extends short-selling ban until end of August

With Greek CDS spreads at record wides, traders are paying a bit more attention to headlines out of the Hellenic Republic. The latest is the extension of a ban on short-selling of Greek shares until August 31.

EUR/US continues to hold up well, trading in the low 1.2320s. Traders note covering of EUR/CAD short positions by macro hedge-funds today helping give the euro and underlying bid.