EUR review

Western Union:

The euro fell to one-week lows below $1.08, a descent that was partially slowed by recovery-supportive data from Germany and word from Greece that it would make good on an obligation to repay the IMF around €450 million for its rescue loans. 

The euro is highly vulnerable to any swings in market sentiment in favor of an earlier rate hike by the Fed which underscores the deep divergence in monetary policy between the euro zone and U.S.