Dutch central banker Wellink says that no one is happy with the current Greek situation.
He says the external value of the euro has also been influenced by the faster US recovery. The Greek aid deal is an important contribution to solving the problem, Wellink says.
EUR/USD has softened a bit, now at 1.3615. Greece and Portugal remain a fundamental weight while technical traders continue to try and push EUR/USD higher, with limited success. EUR/USD trades at 1.3610.