The euro inched higher on Monday, as investors digested reports an agreement on Greece’s debt was within sight following Prime Minister Alexis Tsipras offered new proposals to its lenders.
Greece presented its new plans ahead of emergency summit in Brussels Monday regarding the country’s bailout agreement, which will expire on June 30.
Against the US dollar and the Japanese yen, the common currency stood at $1.1383 and ¥139.68, respectively.
The shared currency is still under pressure as a stalemate between Greece and its creditors continue before the former’s repayments to the International Monetary Fund at the end of June.
Aside from the summit, traders will await the data on private sector growth due Tuesday.
The material has been provided by InstaForex Company – www.instaforex.com