Investing.com – The euro bounced against the U.S. dollar on Monday, clawing back up from a fresh 3-week low as Greece's deputy prime minister accused Germany of profiting from his nation's debt crisis.
EUR/USD hit 1.352 during U.S. morning trade, still shedding 0.09%, after it climbed from 1.3482, the pair's lowest rate since March 2.
The pair was likely to find short-term support at 1.3434, the low of March 2 and a 9-month low, and resistance at 1.4026, the high of Feb. 3.
Theodoros Pangalos, the Greek deputy prime minister, made the comments earlier at a conference in Athens.
He was quoted by Reuters as saying: "By speculating on Greek bonds at the expense of your friend and partner, by allowing credit institutions of the country [Germany] to participate in this deplorable game, some people are making money."
Meanwhile, the single European currency sank against sterling, with EUR/GBP sliding 0.38% to hit 0.8978.
Later in the day, U.S. Treasury Secretary Timothy Geithner was set to speak about financial reforms to a Washington-based think tank, the American Enterprise Institute.
EUR/USD hit 1.352 during U.S. morning trade, still shedding 0.09%, after it climbed from 1.3482, the pair's lowest rate since March 2.
The pair was likely to find short-term support at 1.3434, the low of March 2 and a 9-month low, and resistance at 1.4026, the high of Feb. 3.
Theodoros Pangalos, the Greek deputy prime minister, made the comments earlier at a conference in Athens.
He was quoted by Reuters as saying: "By speculating on Greek bonds at the expense of your friend and partner, by allowing credit institutions of the country [Germany] to participate in this deplorable game, some people are making money."
Meanwhile, the single European currency sank against sterling, with EUR/GBP sliding 0.38% to hit 0.8978.
Later in the day, U.S. Treasury Secretary Timothy Geithner was set to speak about financial reforms to a Washington-based think tank, the American Enterprise Institute.