Western Union notes:
The euro idled near multi-week lows as markets awaited word on Greece. If and when a Greek deal for more default and euro exit-averting money is sealed, the market focus is expected to shift back to fundamentals, a key source of weakness for the euro.
Although prospects for Europe's economy have brightened, with inflation above recent lows and unemployment below recent highs, officials are not expected to taper back on their super low rate policies for a very long time, which contrasts America's outlook for higher, dollar-positive interest rate policy.
