EUR review: Western Union

Quotes from Western Union:

- The euro drifted a little lower, keeping within a confined range against its peers. The market continues to hold out hopes that Greece will eventually reach a deal on a bridge loan from its creditors to remain fiscally afloat and a member of the euro zone. 

- However, the clock is ticking and unless the contours of a deal take shape soon, the euro could face renewed downward pressure and perhaps make a run a recent 11-year lows. Still, uncertainty is expected to remain elevated, so don't rule out the possibility of a euro bounce should Athens manage to reach a deal that buys it some time to negotiate a bailout program that takes less of a toll on growth. 

- EUR buyers should take some comfort - and cover - in the current market which remains highly favorable compared to the euro's near $1.21 levels at the beginning of the year. Lock in these meaningful savings with a forward contract which fosters cash flow certainty.