Investing.com - The euro slid lower on Tuesday as investors waited to see if the Greek parliament would support harsh austerity measures demanded by the country’s creditors in exchange for a deal to avoid financial collapse.
EUR/USD touched one-week lows of 1.0967 and was last at 1.0981.
Greek Prime Minister Alexis Tsipras was to meet with MP's on Tuesday, but faced an uphill battle to win support for a third bailout deal offered by the country’s creditors.
Four pieces of legislation must be passed by the end of the day on Wednesday, including pension and sales tax reforms.
The prospects of a potential third bailout for Greece eased concerns over a possible exit from the euro area and prompted investors to refocus on economic weakness in the single currency bloc, also pressuring the euro lower.
EUR/JPY hit lows of 135.29 and was last at 135.60.
Elsewhere, the dollar was steady against the yen, with USD/JPY at 123.45, not far from overnight highs of 123.72.
The dollar was boosted as improving U.S. economic data bolstered expectations for a rate hike later this year.
Federal Reserve Chair Janet Yellen said last Friday that the central bank was on track to raise interest rates at some point this year.
Investors were looking ahead to her testimony on the semiannual monetary policy report later in the week for any further indications on the timing of an initial rate hike.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.23% to 97.16.