Investing.com – The euro slipped against the U.S. dollar on Monday, after Greece's finance minister, George Papaconstantinou, said an EU-IMF rescue package will arrive in time to avert the euro zone's first sovereign debt default.
EUR/USD hit 1.3364 shortly before the start of the European trading session, shedding 0.16%. The pair was likely to find support at 1.3201, Friday's low and a 1-year low, and resistance at 1.3692, the high of April 12.
On Sunday, Papaconstantinou said talks with European partners and the International Monetary Fund went well and that he was confident Athens would secure help in May to finance its huge public debt.
The single European currency also plunged versus sterling on Monday, with EUR/GBP dropping 0.72% to reach 0.8643.
Later in the day, the president of the European Central Bank, Jean-Claude Trichet, was due to deliver a speech at the Council on Foreign Relations, a think tank, in New York. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy and references to Greece's debt crisis.
EUR/USD hit 1.3364 shortly before the start of the European trading session, shedding 0.16%. The pair was likely to find support at 1.3201, Friday's low and a 1-year low, and resistance at 1.3692, the high of April 12.
On Sunday, Papaconstantinou said talks with European partners and the International Monetary Fund went well and that he was confident Athens would secure help in May to finance its huge public debt.
The single European currency also plunged versus sterling on Monday, with EUR/GBP dropping 0.72% to reach 0.8643.
Later in the day, the president of the European Central Bank, Jean-Claude Trichet, was due to deliver a speech at the Council on Foreign Relations, a think tank, in New York. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy and references to Greece's debt crisis.