EUR/USD
The euro was down more than 1% against the dollar and the yen on Tuesday as a standoff between Greece and its creditors over a debt restructuring deal dragged on. The drop in the euro came after Greece failed to reach an agreement on a program of economic reforms with its lenders on Monday. Athens will run out of cash later this month unless it can reach a compromise with its creditors in time to unlock more bailout funds.
GBP/USD
The pound was trading at one-and-a-half week lows against the U.S. dollar on Tuesday; even after data showed that the U.K. economy grew more than initially expected in the fourth quarter of 2014, as demand for the greenback remained broadly supported. In a report, the U.K.’s Office for National Statistics said gross domestic product expanded at a rate of 0.6% in the final three months of 2014, up from a previous estimate of 0.5% and above expectations for a 0.5% reading.
USD/JPY
The yen weakened against the dollar on Tuesday after initial wages data was delayed because of a calculation issue. Japan's Ministry of Health, Labor and Welfare has delayed Tuesday's release of February wages data at least for a few days to fix an error found in the statistical revision of the most recent and historical data, a ministry official said..
