euro down trand

The Greek bail-out package may have been agreed over the weekend, but there are still reasons to believe in a stronger USD despite this solution, says trader. Says the balance sheet of the Fed is about to turn, ie the selling of mortgages and a decreased supply of dollars. Adds the market might want to hold on their dollars, which could be why the month end buying of EUR didn't occur this time. Thus doesn't see risk aversion being the only prime driver of the euro. EUR/USD now at 1.3232.