Investing.com – The euro extended its decline against the U.S. dollar on Tuesday, approaching a 7-day low amid fresh concerns over sovereign debt in the euro zone.
During European midday trade, EUR/USD hit a daily low of 1.3399; the pair subsequently consolidated around 1.3411, shedding 0.54%. EUR/USD was likely to find support at 1.3267, the low of March 25, and resistance at 1.3818, the high of March 17.
Earlier in the day, the Financial Times reported that Greece would launch a multibillion dollar bond in the United States bond as it seeks new investors, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.
The single European currency also hit a fresh all-time low versus the Australian dollar on Tuesday at 1.4484; EUR/AUD later hovered around 1.4509, still down 0.88%.
Also Tuesday, Reuters quoted a senior official at Greece's Finance Ministry as saying his country was not seeking to renegotiate an EU-IMF safety net agreement, following media reports that the debt-laden nation had wanted to amend the deal.
During European midday trade, EUR/USD hit a daily low of 1.3399; the pair subsequently consolidated around 1.3411, shedding 0.54%. EUR/USD was likely to find support at 1.3267, the low of March 25, and resistance at 1.3818, the high of March 17.
Earlier in the day, the Financial Times reported that Greece would launch a multibillion dollar bond in the United States bond as it seeks new investors, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.
The single European currency also hit a fresh all-time low versus the Australian dollar on Tuesday at 1.4484; EUR/AUD later hovered around 1.4509, still down 0.88%.
Also Tuesday, Reuters quoted a senior official at Greece's Finance Ministry as saying his country was not seeking to renegotiate an EU-IMF safety net agreement, following media reports that the debt-laden nation had wanted to amend the deal.