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Euro under pressure on Greek default worries

Business Desk |
Update: 2015-04-20 02:43:00
Euro under pressure on Greek default worries Photo courtesy: ibtimes.com

DHAKA: The euro dipped Monday on fears about a Greek default, as tense talks between Athens and its international creditors lumber along with no breakthrough in sight.

In Tokyo, the euro slipped to US$1.0800 and 128.38 yen from US$1.0810 and 128.49 yen in New York, reports The Straits Times.

The US dollar fetched 118.87 yen, against 118.86 yen in US trade but down from 119.00 yen in Tokyo earlier Friday.

At the weekend, both the ECB’s Draghi and IMF Managing Director Christine Lagarde warned at IMF-World Bank spring meetings in Washington that Greece has not provided enough information about how its economic and reform plans will impact its finances.

BDST: 1240 HRS, APR 20, 2015
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