The Euro snapped its four-day losing streak on Tuesday as investors were expecting a new bailout for the debt-trapped Greece, while the U.S. dollar continued to fall against most of its counterparts.
The Euro tumbled in the previous session after Standard & Poor' s slashed Greece's rating to B from BB- on concerns over the nation's debt restructuring, while market confidence restored a little on Tuesday as European officials said that Greece may receive more aid soon as long as it adopts further austerity and reform measures.
Meanwhile, the dollar index, which measures the greenback against a basket of six currencies, continued to decline, slipping nearly 0.3 percent on Tuesday.
In late Tuesday trading, the dollar bought 80.78 yen, up from 80.39 late Monday. The dollar rose from 0.8726 to 0.8811 against Swiss francs, while slipped to 0.9589 Canadian dollars from 0.9664.
The British pound dipped to 1.6349 dollars from 1.6386.
