The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government's commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes from the Canadian and Australian central banks.

Summary

USD - USD Declines on Interest Rate Hike Outlook

EUR - EUR Rises on Expected Greek Budget Cuts

JPY - JPY at 11-Week High versus USD

Crude Oil - Crude Oil Struggles to Stay above $80 a Barrel

Forex | daily market trend | analysis | news | fundamental | technical | euro | recovery | Greece | budget | Canadian | Australian | central | banks

With a slow news day forecasted for today, the Euro continues to be weighed down by Greece's deficit worries. Further impacting the hard hit currency is the lack of a concrete plan from the European Central Bank to come to Greece's aid. This does not bode well for the Euro in trading today.

Forex Highlights

USD - Investors Continue to Flock to Safe Haven USD

EUR - Lack of ECB Plan to Combat Deficits Hurts Euro

JPY - Yen Hurt by Fresh Chinese Regulations

Crude Oil - Crude Drops As a Result of Strong Dollar, Chinese Policy

Forex | daily market trend | analysis | news | fundamental | technical | Greece | deficit | worry | European | central | bank | Greece aid | euro | ECB plan | Chinese regulations