Investors await the latest batch of U.S. data
later on Tuesday that could provide more clues on the strength of
economic recovery, including May durable goods and April consumer
confidence. ECONUS
Greece's debt
crisis kept pressure on the euro. Time is running out for Greece to
reach an agreement on reform with lenders and there will be no further
funds for Athens without it, the head of the European Stability
Mechanism, Klaus Regling, told Germany's Bild newspaper on Tuesday.
"The Greek political saga will remain in the spotlight as the deadline for payments to the IMF approaches", strategists at Barclays wrote in a note to clients. "A light data calendar and continued political uncertainty in Greece should continue to weigh on EUR," they said.
The euro skidded about 0.5 percent at $1.0917 EUR=, breaking below its overnight nadir and wallowing at its lowest levels since late April.
The dollar surged 0.6 percent against the Japanese currency to 122.36 yen JPY=, breaking above the 122 level for the first time since March 10 and reaching an eight-year peak.
Crude oil firmed, extending gains made in Monday's thinned trading as firm global demand offset the effects of a stronger dollar.
Brent crude LCOc1 was up slightly at $65.54 a barrel, while U.S. crude CLc1 added 0.2 percent to $59.86.
"The Greek political saga will remain in the spotlight as the deadline for payments to the IMF approaches", strategists at Barclays wrote in a note to clients. "A light data calendar and continued political uncertainty in Greece should continue to weigh on EUR," they said.
The euro skidded about 0.5 percent at $1.0917 EUR=, breaking below its overnight nadir and wallowing at its lowest levels since late April.
The dollar surged 0.6 percent against the Japanese currency to 122.36 yen JPY=, breaking above the 122 level for the first time since March 10 and reaching an eight-year peak.
Crude oil firmed, extending gains made in Monday's thinned trading as firm global demand offset the effects of a stronger dollar.
Brent crude LCOc1 was up slightly at $65.54 a barrel, while U.S. crude CLc1 added 0.2 percent to $59.86.
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