Western Union notes:
The dip in the dollar helped the euro throw caution surrounding Greece to the wind. The euro soared to fresh one-month highs against its U.S. counterpart after the Fed this week stopped short of an ironclad signal that rates would rise this year.
Instability should remain the name of the game for the euro until markets know definitively what the immediate future holds for Greece. A higher risk of a Greek default should, at the very least, slow the euro's ascent against the dollar.
