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Euro taps $1.30 after Greek deal; U.S. data eyed

Posted by Forexsq 176 days ago (http://www.marketwatch.com)

The euro briefly tapped the psychologically important $1.30 level on Tuesday after news of a deal to clear the way for Greece’s next aid payment, while the U.S. dollar largely weakened as investors awaited a clutch of key data.

The euro EURUSD +0.04% changed hands for $1.2973 in early European trading hours, gradually giving up gains seen in Asia and bringing it closer to where it was trading late Monday in North America, at $1.2961.

The brief pop for the euro, which came during Asian trading hours, was triggered by news that Greece’s creditors reached a long-awaited deal to pave the way for Athens to receive fresh financial aid in the early hours of Brussels on Tuesday.