EUR review

Western Union notes:

The euro lost a little ground after strengthening against its U.S. counterpart on Monday. The euro continued to enjoy general support from rising government bond yields in Europe that have made the euro a more alluring bet to the yield-seeker. 

The rise in yields has come from signs the bloc's recovery continues to gain traction. In a good sign for second quarter growth, Germany on Monday reported a bigger than expected rise of 0.9 percent in industrial output. 

Greece remains a wild card for the euro with the potential to undercut rallies should markets grow more concerned about Athens' ability to strike a deal for more money that for a long time has proven elusive.