Market Update:

The dollar weakened broadly on Friday after weak U.S. economic data dragged the 10-year Treasury yield down to a six-month low overnight.
The dollar fell across the board, hitting a record through against the Swiss franc and a three-year low versus the New Zealand dollar.
The dollar has been strong since the start of May but it looks like that out performance may be coming to a close. Even if Greece's problems continue to weigh on the euro, if the dollar does not strengthen much, then the euro's downside against the dollar may become limited at 1.40 support level.

The Greece issue is not going away, and if Greece restructures, that may open the door for Ireland and Portugal. So any rise of the euro, has to be taken as a short-term euro recovery.