EUR/USD
The euro dropped 0.59% to 1.0992 despite Greek Prime Minister Alexis Tsipras won a commitment to seek a last-minute rescue at an emergency euro zone summit on Tuesday. EU leaders will hold a further summit on Sunday to approve a plan to aid Greece if creditor institutions are satisfied in the meantime with a Greek loan application and reform commitments. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin.
GBP/USD
The pound fell to session lows against the dollar on Tuesday after data showed that U.K. industrial output rose unexpectedly in May but manufacturing production fell and as heightened risk aversion bolstered dollar demand. The Office for National Statistics said industrial output rose 0.4% in May, compared to expectations for a decline of 0.2%. But the manufacturing sector remained weak, with output falling 0.6% after a 0.4% drop in April.
USD/JPY
The dollar remained broadly higher against the yen on Tuesday, after data showed that the U.S. trade deficit widened less than expected in May and as demand for the safe-haven greenback remained supported amid ongoing Greek debt worries.
