Investing.com - The euro was lower against the U.S. dollar on Wednesday, after euro zone finance ministers failed to reach an agreement on releasing a delayed bailout payment for Greece, weighing on demand for the single currency.
EUR/USD hit 1.2737 during late Asian trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.2747, shedding 0.54%.
The pair was likely to find support at 1.2699, the low of November 14 and resistance at 1.2828, Tuesday’s high.
Talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close but he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
The euro was lower against the pound and the yen, with EUR/GBP down 0.34% to 0.8020 and EUR/JPY sliding 0.24% to 104.41.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.
EUR/USD hit 1.2737 during late Asian trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.2747, shedding 0.54%.
The pair was likely to find support at 1.2699, the low of November 14 and resistance at 1.2828, Tuesday’s high.
Talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close but he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
The euro was lower against the pound and the yen, with EUR/GBP down 0.34% to 0.8020 and EUR/JPY sliding 0.24% to 104.41.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.