EUR review: Western Union

Quotes from Western Union:

- Not much relief or a rally for the euro in the wake of news that Greece had secured a conditional loan extension that should keep it fiscally afloat for the next four months and a member of the euro. Markets still see the potential for snags to happen. 

- But even if things go relatively smoothly this week and Greece officially wins a four-month loan extension, markets could revisit all the turmoil and uncertainty it has faced in recent weeks all over again once this temporary fix runs its course. Uncertainty over Greece risks weighing on confidence and prolonging the road to recovery in the euro zone. 

- Germany, Europe's biggest economy, appears on the mend after a its Ifo survey of business optimism rose for the fourth time in as many months, though the slight improvement to 106.8 in February from 106.7 in January was below forecasts of 107.7. The better bargain EUR buyers are enjoying today could hinge on the tone of testimony tomorrow and Wednesday by the Fed chair.