EUR/USD Steady Around 1.14 Shrugging Off Greek Debt

The euro rebounded from earlier losses on Tuesday, helped by a bounce in German investor sentiment and hopes that Greece will find a common ground with its euro zone partners for support beyond its current bailout programme.

Earlier, the euro had weakened after a collapse in talks to secure a new debt deal for Greece raised doubts about the country’s future in the euro zone.

But Greek stocks cut losses, while Italian and Spanish 10-year government bond yields rose only slightly, amid hopes that a deal can be hammered out in coming weeks before Greece runs out of money.


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