The greenback rose versus the EUR but was mixed against the majors during the New York trading session, reclaiming most of the ground it lost to the EUR after the release of the Greek bailout package. Triggering the rising Dollar was a warning by Standard & Poor's that the weak Greek banking system has been damaged by the fiscal crisis the country is experiencing.

The EUR/USD is currently trading lower at 1.3400 after opening the day at 1.3487, while the GBP/USD was higher at 1.5070, following an opening day price of 1.4997. The USD/JPY was at 93.25 from 92.17.

The Dollar was also supported by better than expected consumer confidence numbers. U.S. CB Consumer Confidence was released with an output of 52.5, far above economists' expectations of 50.1. This leads economists and traders to believe that the U.S. economy may begin to pick up steam in the near term, recovering faster than its European counterpart.

Today's trading should be largely driven by economic data set to be released. The highlight will be the release of the ADP Non-Farm Employment Change. The report is set to be released at 13:15 GMT with expectations of an additional 40K jobs to the U.S. economy. A release on par with market expectations or one that exceeds the forecast could push the EUR/USD lower to its previous low at 1.3266.