Finance Ministers summit in Brussels, where policy makers are expected to seal a second Greece's bailout that the country needs to avoid a disorderly debt default.

EUR/USD is nearly static around 1.3245/50 where it records a 0.7% gain on Monday. The Euro peaked at a 1-week high of 1.3276 during the European session, and has spent the last hours range bound below that level, with the US national holiday also to blame for the slow trade.

The meeting is still underway, and a press conference is expected at the end. Jean-Claude Juncker, chairman of the Eurogroup, said earlier he is optimistic that a deal would be reached today.