Investing.com - The euro slipped lower on Tuesday as investors remained wary ahead of a euro zone summit later in the day aimed at restarting negotiations between Greece and its lenders.
EUR/USD was down 0.27% to 1.1026, but was holding above Monday’s lows of 1.0968.
Greek Prime Minister Alexis Tsipras was to present new proposals to euro zone finance ministers later in the day, ahead of a meeting of European officials to discuss the aftermath of Sunday’s referendum in Greece.
Greek banks were set to remain closed on Tuesday after capital controls were extended until Wednesday, amid concerns that lenders are close to running out of cash. Bank have been shuttered since last Monday, with ATM withdrawals limited to €60 per day.
The European Central Bank announced Monday that it would keep its emergency liquidity assistance to Greece unchanged at levels announced last Monday.
The ECB also said it will adjust the haircuts on collateral accepted by the Bank of Greece as part of the ELA, adding to pressure on Athens.
The euro was lower against the yen, with EUR/JPY at 135.28, still remaining supported above Monday’s trough of 133.85.
Meanwhile, the dollar pushed higher against the yen, with USD/JPY edging up to 122.69.
Investors were looking ahead to U.S. trade data later in the day amid concerns that the stronger dollar is acting as a drag on exports.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.26% to 96.68, boosted by weakness in the euro.