The euro skidded
on Tuesday after a collapse in talks to secure a new debt deal for
Greece kept markets guessing about the next chapter in the
nerve-wracking saga as Athens tries to secure improved terms with its
creditors.
The common currency was little changed at $1.1365, after slipping from Monday's high of $1.1429 and back near the bottom of its prevailing $1.1270-1.1534 range. Trading overnight was relatively light with U.S. markets shut for a public holiday.
Against sterling, it came within a whisker of a 7-year trough of 73.69 pence set last week. It was last at 73.88 pence.
Talks between Greece and euro zone finance ministers broke down when Athens rejected a proposal to request a six-month extension of its international bailout as "unacceptable".
"All up, still no deal. And something of a disappointment after what seemed to be the makings of a spirit of compromise last week," said David de Garis, senior economist at National Australia Bank.
Renewed weakness in the euro helped lift the dollar index to 94.296, from a one-week low of 93.899.
The euro last fetched 134.70 yen, up 0.2 percent, after skidding to a one-week low of 133.96 yen.
The dollar edged up 0.1 percent to 118.520 yen, crawling away from a 10-day low of 118.110 struck overnight.
Traders said the dollar was given a bit of a reprieve versus the safe-haven yen after a decent 20-year Japanese government bond auction results helped soothe sentiment.
The JGB market has undergone volatile swings this year, especially following debt auctions, becoming a source of concern among some currency participants worried about their potential impact on risk appetite.
The common currency was little changed at $1.1365, after slipping from Monday's high of $1.1429 and back near the bottom of its prevailing $1.1270-1.1534 range. Trading overnight was relatively light with U.S. markets shut for a public holiday.
Against sterling, it came within a whisker of a 7-year trough of 73.69 pence set last week. It was last at 73.88 pence.
Talks between Greece and euro zone finance ministers broke down when Athens rejected a proposal to request a six-month extension of its international bailout as "unacceptable".
"All up, still no deal. And something of a disappointment after what seemed to be the makings of a spirit of compromise last week," said David de Garis, senior economist at National Australia Bank.
Renewed weakness in the euro helped lift the dollar index to 94.296, from a one-week low of 93.899.
The euro last fetched 134.70 yen, up 0.2 percent, after skidding to a one-week low of 133.96 yen.
The dollar edged up 0.1 percent to 118.520 yen, crawling away from a 10-day low of 118.110 struck overnight.
Traders said the dollar was given a bit of a reprieve versus the safe-haven yen after a decent 20-year Japanese government bond auction results helped soothe sentiment.
The JGB market has undergone volatile swings this year, especially following debt auctions, becoming a source of concern among some currency participants worried about their potential impact on risk appetite.
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