EUR review

Western Union:

The euro struggled to hold above one-month lows against the resurgent greenback. The euro overnight had caught a momentary reprieve after a senior member of the European Central Bank (ECB) said that he didn't expect the 19-country central bank to maintain negative interest rates over the long run. Markets seem to be giving Athens the benefit of the doubt that it would remain solvent over the short run. 

Still, until a deal on more money is finally reached between Greece and its lenders, the euro will be saddled with elevated, currency-negative uncertainty. 

Euro zone economic sentiment steadied in May at 103.8 which was a little better than forecasts of 103.5.