EUR/USD Steady Around 1.13 as Greek Deal Hangs in the Balance

The euro took a dip early in Asia on Thursday, buffeted by a barrage of conflicting headlines that left investors no clearer on whether Greece may yet secure a new debt agreement with its European lenders.

The common currency eased to 135.95 yen, having earlier scaled a three-week peak of 136.70. It also slipped to $1.1314 from a high of $1.1353. On the sterling, it pulled back to 74.19 pence, but held above a seven-year trough of 73.83.

Markets had been on tenterhooks during a marathon meeting of euro zone finance ministers. CNBC initially lit a fire under the euro after it reported that Greece had reached an agreement with the European Union to stay in an EU bailout program.


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