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Euro weakens as Greece delays reform proposals

Tuesday 24 February 2015


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The euro fell against the dollar Monday, as the initial enthusiasm for Greece’s bailout extension gave way to anxiety that debt problems may have been delayed rather than resolved.

The shared currency EURUSD, +0.04%  recovered somewhat from the day’s low to trade at $1.1334, up from a session low of $1.1295, but down from around $1.1378 late Friday in New York.

The dollar USDJPY, +0.20%  bought 118.84 yen, down a touch from ¥119.07 late Friday in New York.

The pound GBPUSD, -0.07%  gained against the dollar, rising to $1.5460 from $1.5399 late Friday ahead of Bank of England Governor Mark Carney’s remarks at a Treasury select committee hearing Tuesday.

The ICE U.S. Dollar Index DXY, +0.05%  gained 0.32% to 94.5610.

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