Forex – Euro lower as Greece concerns weigh

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© Reuters.  Euro slips lower as Greece worries weigh© Reuters. Euro slips lower as Greece worries weigh

Investing.com – The euro was lower against the dollar for a second session on Tuesday as concerns over the lack of an agreement on economic reforms for bailout funds between Greece and its creditors weighed.

EUR/USD slid to 1.0672 from 14.0736 late Monday.

Athens is no closer to reaching an agreement with its euro zone partners and the International Monetary Fund over economic reforms required to access remaining bailout funds, fuelling fears that Greece could be forced out of the euro zone.

Investors were looking ahead to the ZEW report on German economic sentiment later in the day after last months reading showed an improvement.

The euro was also weaker against the yen, with EUR/JPY down 0.34% to 127.54.

The dollar remained firmer after falling against the other major currencies last week when a run of soft economic data saw investors push back expectations on the timing of a rate hike by the Federal Reserve.

USD/JPY was up 0.25% to 119.48, off Monday’s lows of 118.52.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.42% to 98.56.



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