ATHENS: The euro weakened against the other major currencies in the Asian session on Tuesday, as sentiment dampened on continued worries that Greece may miss debt repayments next month. Greek Prime Minister Alexis Tsipras is continuing to stick to his red lines even as the country is quickly running out of money.
Monday, the euro showed mixed trading against the other major currencies. While the euro fell against the U.S. dollar and against the yen, it held steady against the Swiss franc and the pound. In the Asian tradng today, the euro fell to a 6-day low of 1.1284 against the U.S. dollar and a 5-day low of 135.39 against the yen, from yesterday’s closing quotes of 1.1312 and 135.74, respectively. If the euro extends its downtrend, it is likely to find support around 1.09 against the greenback and 131.50 against the yen.
Against the pound, the Swiss franc and the Canadian dollar, the euro dropped to 0.7216, 1.0458 and 1.3715 from yesterday’s closing quotes of 0.7226, 1.0477 and 1.3753, respectively. The euro may test support near 0.70 against the pound, 1.03 against the franc and 1.33 against the loonie.