EUR review

Western Union:

ECB chief Mr. Draghi caused air to seep from the euro's big rally from the day before after he renewed a pledge to stay the course on the central bank's massive bond buying stimulus despite signs of improvement in the 19-country economy. 

The ECB president kept his growth outlook unchanged and said that inflation should continue to rise over the balance of the year. Although inflation has turned positive, up 0.3 percent in May, officials have a long road ahead to boost prices back toward their near 2 percent goal. 

Official data today showed unemployment improved to 11.1 percent in April, down a notch from 11.2 percent. Greece's premier is in Brussels today to try to win more default-averting money. The Greek situation remains fluid which should keep market volatility choppy.