EUR review

Western Union notes: 

The euro's loss of ground Friday was a clear sign of markets losing confidence in the Greek debt saga ending positively. A fear that Greece could be days away from default caused many to cash in on the euro's June uptrend, having ended the month of May below $1.10. 

The situation remains fluid and if and when a deal for more aid for Greece is reached in time to avert disaster, the euro would be in line to strengthen in relief. 

The coming week will be all about Greece and to a lesser extent news on area business confidence and Germany's Ifo index of business sentiment on Wednesday.