Asian session: The euro dropped
The euro dropped against the dollar and yen for a second day after European officials failed to offer a plan to halt the region’s debt crisis and as Greece struggles to avoid default.
The 17-nation currency slid against most of its 16 major peers before European Union and International Monetary Fund officials speak today with Greek Finance Minister Evangelos Venizelos to judge whether his government is eligible for its next aid payment.
The Australian dollar dropped against the greenback before the Reserve Bank is due to release tomorrow the minutes of this month’s policy meeting.
Australia’s dollar snapped two days of gains versus the greenback on concern the RBA will signal interest-rate cuts in its September meeting minutes to be released tomorrow, curbing demand for the South Pacific nation’s currency.
EUR/USD: on asian session the pair fell, but restored later.
GBP/USD: the pair showed low below $1.5700, the rose to $1.5740 area. USD/JPY: the pair the began the week with losses against US dollar.