Press report out that private lenders said to have accepted lower interest rates in Greek deal

So Joe’s being told by very reliable source at major bank.

Being given as reason for latest spurt higher in EUR/USD. We’re at 1.3165.

And there was me thinking it had gone up because Joe and I and our mates had called for 1.3225 before 1.3025

UPDATE: It’s Greek newspaper Ethnos.

Private sector creditors “will submit a new improved offer with an average interes rate of 3.75% after Institute of International Finance chief Charles Dallara met with senior bankers in Paris.