EUR review

Western Union notes:

The euro lost ground Monday due to Greece's inability over the weekend to reach a deal for money with its lenders. 

The euro continues to serve as a barometer of market confidence in Greece securing the remaining funds from its bailout to keep afloat and avoid a potentially catastrophic exit from the euro over the weeks ahead. 

The situation remains fluid and uncertain which should keep the euro and broader financial markets subject to heightened volatility.