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FXStreet (Córdoba) - The euro remains under mild pressure at the beginning of the week in America weighed by lingering concerns about Greece and a possible Grexit.
With many policy makers suggesting a Greek deal won’t be reached at this week’s Eurogroup meeting, uncertainty, risks of a Grexit and contagion are driving the euro down. However, unimpressive US data has helped to contain EUR/USD downside.
EUR/USD lost more than 100 pips throughout the day and hit a low of 1.0712 before finding support. The pair has managed to recover a few pips and at time of writing, it was trading at 1.0735, down 0.64% on the day.
