Investing.com – The euro fell slightly against the U.S. dollar on Tuesday as Greece was set to sell EUR 1.2 billion of Treasury bills, in its first offering since euro zone nations agreed to a rescue package for the debt-stricken state.
EUR/USD slipped to 1.3587 shortly before the start of the European trading session, shedding 0.04%. The pair was likely to find resistance at 1.3818, the high of March 17, and support at 1.3267, the low of March 25.
The single European currency also slumped versus the yen, with EUR/JPY dropping 0.49% to reach 126.11.
Later in the day, Germany and France were due to publish data on consumer inflation, and the United States was set to release a report on its trade balance, the difference in value between imported and exported goods.
U.S. Treasury Secretary Timothy Geithner, meanwhile, was scheduled to speak later at a conference in Washington, D.C., at which his comments would be scrutinized by traders for clues to future shifts in monetary policy.
EUR/USD slipped to 1.3587 shortly before the start of the European trading session, shedding 0.04%. The pair was likely to find resistance at 1.3818, the high of March 17, and support at 1.3267, the low of March 25.
The single European currency also slumped versus the yen, with EUR/JPY dropping 0.49% to reach 126.11.
Later in the day, Germany and France were due to publish data on consumer inflation, and the United States was set to release a report on its trade balance, the difference in value between imported and exported goods.
U.S. Treasury Secretary Timothy Geithner, meanwhile, was scheduled to speak later at a conference in Washington, D.C., at which his comments would be scrutinized by traders for clues to future shifts in monetary policy.