US dollar hits session low versus GBP and AUD.

A lack of enthusiasm in stocks and a rally in bonds are is one thing weighing on the US dollar.

Cable has risen to 1.4937, with offers at 1.4950 and last week's high of 1.4982.

The euro quickly squeezed to 1.0749 from 1.0700 as Greek worries circulate but fail to make a sustained dent in sentiment. The latest talk is that with regional money coming in, Greece has more time than believed and may be able to hang-on until mid-June before the money runs out.

AUD/USD touched 0.7750, which is impressive given the efforts of Stevens and the RBA minutes to weaken it. If something can't go down on bad news...