Investing.com - The Australian dollar held weaker Tuesday in Asia ahead of a closely-watched business survey from National Australia Bank ahead with the dust still settling from the deal on Greece's bailout.
AUD/USD traded at 0.7393, down 0.18%, while EUR/USD changed hands at 1.0983, down 0.14%. USD/JPY traded at 123.65, up 0.16%.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.05% to 96.98.
In Australia, the NAB's June Business Confidence and Business Conditions survey is due at 1130 Sydney time (0130 GMT). The May survey showed business confidence moving up to the highest level since August 2014. Business conditions also rose to the highest read since October 2014 with most components showing an improvement except employment.
Overnight, the dollar strengthened against the other major currencies on Monday as markets reacted to news that euro zone leaders reached an agreement on a new bailout for Greece.
Euro zone leaders reached a unanimous agreement on a third bailout deal for Greece earlier Monday, following marathon weekend-long talks.
The Greek parliament must now pass new legislation by Wednesday to raise sales taxes, cut pension payments and enforce automatic spending cuts if the next budget misses its targets before negotiations on a third bailout program can begin.
Parliaments in several euro zone countries will also have to approve any new bailout.
The dollar was boosted as the threat of a Greek exit from the euro zone dissipated, removing a potential obstacle from Federal Reserve plans to tighten monetary policy.
Fed Chair Janet Yellen said last Friday that the central bank was on track to raise interest rates at some point this year.
Investors were looking ahead to her testimony on the semiannual monetary policy report later in the week for any further indications on the timing of an initial rate hike.