The euro was down against yen and pound

[gnutrade.satya]

The Euro is seen in much doldrums as confusion is surrounding the timing and amount of emergency aid for Greece and this pushed the investors into selling the Euro on Monday as markets were worried whether the euro zone country can avert a debt default.Michael Malpede, analyst at Easy Forex in Chicago said: "Aid for Greece still doesn't seem like a completed deal, so all the uncertainty about the timing and details of a Greek plan limits demand for euro."Polls in Britain showed slightly higher Conservative Party support ahead of next week's election reduced the chances of a hung Parliament and this took the Pound to end up higher at 0.4 percent.
Michael Hart, currency strategist at Citigroup said: "It's not just about Greece but also what Greece means for the rest of Europe. There's clearly a lack of credibility with the package. It's not clear whether this is going to solve the liquidity issue for Greece."
The euro was down 0.4 percent at $1.3332. Against the yen , it fell 0.1 percent to 125.54 yen and against Pound it was down 0.8 percent to 86.29 pence. Pound rose 0.4 percent to $1.5444.

 

[Probafix]

Right now euro, British pound decline as most major currency lost ground to the safety linked US dollar and japanese yen after stock turned lower in asian trade amid renewed European debt concern.