EUR review

The euro continued to drift below recent two-month highs against the dollar, and surrender more of its April appreciation. Greece remained a wild card driver for the single currency with Athens seemingly no closer to securing much needed rescue funds to keep fiscally afloat. 

Meanwhile, better news on the U.S. economy has helped the dollar recover which has prompted many to cash in some of the euro's recent outperformance. 

U.S. nonfarm payrolls on Friday are seen as the next major catalyst for EURUSD. The impact of payrolls on Fed policy decisions could mean a run towards $1.05 or $1.15 for the pair.