The euro skidded Tuesday as a plunge on the Greek stock market induced a sell-off in New York, igniting woes about Greece’s future in the eurozone.
On Monday, Greece reopened its stock exchange following a five-week closure, which declined 20% at the open before ending at 16.23%, its largest single-day drop.
The common currency closed at $1.0936 and ¥135.64, from $1.0954 and ¥135.82.
Worries regarding the prospects for the European economy are also pressuring the currency. But an additional gain in the US dollar “has been capped by negative US economic indicators,” said Shinya Harui, Forex Analyst at Nomura Securities.
The eurozone’s inflation and jobless rate were flat last month, based on official figures Friday.
The material has been provided by InstaForex Company – www.instaforex.com