EUR/USD moves higher

The EUR/USD is trading 1.1388 up 0.0050. Market talk about U.S. Fed Policy being pushed back is making the rounds. Chatter that negotiations between EU officials and Greece will take 6 weeks has taken any near -term problems off the table for now. Some market talk around Bank of England' Financial Policy Committee member Taylor's comments saying that if "the Eurozone cannot reform itself, it won't just be Greece which would be better off out" has drawn some attention.