Euro falls to his counterparts the results of the vote in Greece

The euro fell broadly against major currencies on Tuesday with the growing concerns that political uncertainty in Greece could cause the debt crisis in the euro area, thus affecting the morale of the market.

During the late morning trading, the European euro fell against the U.S. dollar, with EUR / USD rate of 0.23% to hit 1.3020.

The euro remained under sell-off after the collapse of the initial attempts by the largest party in Greece, to form a coalition government on Monday, following the elections at the weekend.

Investors remained nervous after the election results in Greece and France at the weekend, which raised doubts about the ability of Europe to implement austerity measures which are necessary to address the debt crisis in the region.

Failed initial attempts to form a government in Greece on Monday, raising fears that the country may not have a government in a timely manner to secure the next tranche of international aid in the next month.

Market participants awaited developments also in France, where it will be the appointment of Francois Hollande, the Socialist President in May 15. Zloland and he wants to renegotiate the debt crisis in the euro area in order to stimulate growth in the region.

Was little changed on the single currency after official data showed that German industrial production rose by 2.8% in March, exceeding expectations easily to increase 0.8%, after the decline in each of the previous three months.

The single currency fell against the pound and remained in the lowest level in three and a half years, with EUR / GBP up 0.11% to hit 0.8068.

The euro fell against the Japanese yen with EUR / JPY by 0.41% to record 103.83, but remained unchanged against the Swiss franc with EUR / CHF rate of 0.02% to hit 1.2011.

Elsewhere, the higher the common currency for Nzeraúhl Canadian and Australian dollar and New Zealand, with a high p Euro / CAD up 0.22% to hit 1.2989, the high euro / Australian by 0.43% to hit 1.2851 and EUR / New Zealand increased by 0.47% to hit 1.6498.


The Australian dollar came under pressure after official data showed that Australia's trade deficit reached more than doubled in the month of March, to record $ 1.59 billion deficit recorded in the previous month of $ 0.75 billion worth of, as exports of goods.

Analysts had expected the expansion of Australia's trade deficit to $ 1.38 billion in March.

Later on Tuesday, due to the speak n the European Central Bank president Mario Draghi in the city of Frankfurt.