The euro has been unable to hold modest gains after a deal between Greece and its creditors followed all-night talks between eurozone officials in Brussels and is trading lower on the day.
After the first reports of an accord, the euro turned positive against the dollar, trading up 0.1 per cent at $1.1166, Beforehand, it was down 0.1 per cent at $1.1146. It has failed to hold the gains, and is now down 0.8 per cent at $1.1070. The losses for the euro came as investors started looking past the Greek crisis and toward the prospect of a US rate rise before the end of the calendar year. The dollar index, which tracks the world’s reserve currency against a range of its peers, is up 0.4 per cent at 96.374.