Quotes from Societe Generale Cross Asset Research:
-If the Greek Government does request a bailout on the terms offered by the Eurogroup today or tomorrow, this appearance of a dovish fed bias combined with a period of calm in Europe, could trigger a further rally by risk-sensitive currencies, as well as a further dollar correction.
-That's a lot of 'Ifs' but US data has been softer of late, European data is improving at the margin, oil prices are steadier. EUR/USD should break 1.15 if there's a deal in Greece, AUD/USD can head towards 0.80 again, USD/CAD back to 1.22-1.23, and so on.