European session:

The Swiss franc appreciated against all 16 of its most-traded peers as investors sought the safest assets amid speculation a meeting of finance ministers will struggle to resolve the euro area’s debt crisis.
The franc rose from its weakest level against the dollar since April 20. The euro has dropped 0.9 percent over the past month in a measure of the currencies of 10 developed nations. It’s slipped 2.1 percent against the dollar as yields for the region’s most- indebted nations jumped amid heightened concern the countries may struggle to repay their debt. The yen has gained 4.8 percent in the period, while the dollar is up 1.5 percent.
Ministers will discuss Greece’s predicament at meetings starting at 3 p.m. in Brussels today. Also on the agenda are approval of 78 billion euros ($110 billion) in aid for Portugal, and the nomination of Bank of Italy Governor Mario Draghi to be the next president of the European Central Bank.
Any extension of the maturities of Greek bonds would have to involve private investors, German Finance Minister Wolfgang Schaeuble said in an interview with ARD television yesterday. “Debt restructuring is not in the cards,” European Commission spokesman Amadeu Altafaj told reporters in Brussels today.
The yen strengthened as equities and crude oil declined, while U.S. Treasuries advanced. New Zealand’s dollar fell for a second day as investors sold higher-yielding assets.

EUR/USD: based around $1.4050 before gained back to $1.4150.