Canada in focus today (Greece and the Fed too)

Canadian data is up first

It's all about the Canadian dollar at the bottom of the hour with reports on CPI and retail sales due. Ryan took a closer look at CPI and what it could mean for the BOC.

Later, the Fed will get a chance to massage the message coming from the FOMC. Up first it's Williams speaking in San Francisco at 11:40 am ET (1540 GMT). That's followed the Mester at 12:45 pm ET (1645 GMT).

Mester is a known hawk so she'll probably be ignored but Williams is more hawkish than many market watchers give him credit for so he could surprise and give the dollar a lift.

Otherwise, we'll be looking for responses to the latest Greek proposal and trying to determine the likelihood of a deal before trading closes for the week.