If you can guess who is going to say what about the Greek rescue package then you know where the EUR is likely to go. Comments out of Germany regarding the aid package and the need for stringent Greek austerity measures has seen the EUR/USD open 50 pips below its NY closing level of 1.3390. We can expect further extreme volatility so caution is advised. None of the other majors have moved with USD/JPY at 94.00 and cable at 1.5375.

Good luck today.