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A Greek deal is looking more and more unlikely. The Greeks simply do not want to accept austerity as defined by core players in the monetary union, France and Germany. Even the very next meeting is in doubt because of Greek recalcitrance.

"Everyone is piling up their bets for the safe heaven as we are moving closer and closer to no deal for Greece," AvaTrade chief analyst Naeem Aslam said.

The dollar softened again today, which may be a good thing systemically for the U.S. economy, but if it spurs the data issued by government higher and stronger, it will certainly help to invite an interest rate hike by the Fed.