The euro slid across the board Tuesday, pressed by heightened woes Greece might default on its debt obligations and exit the eurozone.
The Greek government has been struggling to reach an agreement with its European lenders on the economic reforms necessary in exchange for access to some €7.2 billion ($7.7 billion) in bailout funds.
The common currency slipped 0.7% versus the US dollar at $1.0665, and tumbled versus the Japanese yen at ¥127.50. Against the Swiss franc, it closed at 1.0238 francs.
The not-so-good news items about Greece, without anything major, are pushing “investors to pare positions in the euro,” said Geoffrey Yu, Currency Strategist at UBS.
Meanwhile, markets will await the German ZEW economic sentiment survey due today.
The material has been provided by InstaForex Company – www.instaforex.com