EUR review: Western Union

Quotes from Western Union:

- The Euro bounced off lows not traded since Sept 2003 on account of profit taking in late European trading. Strong payroll numbered on Friday increased the chances of a rate hike in Q3 this year sending the US Dollar higher against all currencies, especially the Euro. 

- On the other hand the Euro continues to be weighed down by Greece and the announcement from ECB that they have commenced buying European bonds as part of their Quantitative Easing measures announced earlier. 

- The talk about plebiscite in Greece raises questions of further political instability and this will keep downward pressure on the Euro.