Forex – Euro slips lower as Greece concerns weigh

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© Reuters.  Euro eases as Greece concerns weigh© Reuters. Euro eases as Greece concerns weigh

Investing.com – The euro slipped lower on Monday as concerns over the lack of an agreement on economic reforms for bailout funds between Greece and its creditors weighed.

EUR/USD dipped 0.10% to 1.0801, easing from Friday’s one-week highs of 1.0848.

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.

The euro was also lower against the yen, with EUR/JPY slipping 0.19% to 128.17.

The dollar remained broadly weaker after a recent run of soft economic data saw investors push back expectations for higher U.S. interest rates.

The greenback shrugged off data on Friday showing that U.S. consumer prices were higher for a second successive month in March.

The consumer price index edged up 0.2% last month, matching a similar gain in February. On a year-over-year basis, consumer prices dipped 0.1% in March after remaining flat in February.

Core consumer prices, which exclude food and energy costs increased 0.2% in March for an annual increase of 1.8%, the largest since October.

USD/JPY was down 0.22% to 118.66, the weakest since March 26.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 97.6.



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