U.S. Dollar Stronger as Greece Weighs on Euro

The dollar held gains against its peers on Tuesday, drawing support as the euro slid overnight on increasing worries that Greece could default on its debt and eventually exit the single currency.

The euro was steady at $1.0739 after sliding 0.7 percent overnight. The common currency took a hit after public sector entities in Greece were ordered to transfer idle reserves to the central bank to help alleviate a cash squeeze.

Athens is in negotiations with its euro zone partners and the International Monetary Fund over reforms required to unlock remaining bailout funds before it runs out of cash and loses its ability to repay debt.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.