Narrow ranges prevailed among the dollar majors. EUR-USD posted a 1.1025-58 range as the market remains noncommittal and on tenterhooks as the fate of Greece is awaited. It’s become clear that unless Greece makes compromises, a Grexit is realistic, and given the fresh ‘no’ to austerity vote PM Tsipras would not seem to have mandate to bend to creditors. There is both a Eurogroup meeting and an EU summit today, which is perhaps the last chance Greece has to avoid bankruptcy.