The euro fell to its lowest level in seven weeks versus the U.S. dollar on Thursday after the Greek Parliament agreed to pass reforms that open the door to an 86 billion-euro bailout.
Meanwhile, the euro is trading around 1.0890 after hitting a low of 1.0878, noting that it opened today’s trades at 1.0945.
The euro came under pressure despite the approval of the Greek Parliament to austerity measures due to protest and rejection from Syriza members on the measures that were refused by Greeks in the referendum.
Eyes will focus on the ECB monetary decision and press conference by Mario Draghi. The ECB is predicted to hold interest rates, and decide on pumping liquidity to Greek lenders.
On the other hand, the dollar advanced against a basket of major currencies after hawkish comments from Fed Chairwoman Janet Yellen on Wednesday, which confirmed the central bank is set to raise interest rates this year as long as the economy showing progress.