The euro fell broadly early on Tuesday after a sudden collapse in talks to secure a new debt deal for Greece disappointed investors who had hoped there would be an outcome by now. The common currency fell to $1.1347, from Monday's high of $1.1429 and back near the bottom of its prevailing $1.1270-1.1534 range. Trading overnight was light, with U.S. markets shut for a public holiday. Talks between Greece and euro zone finance ministers over the country's debt broke down when Athens rejected a proposal to request a six-month extension of its international bailout as "unacceptable". European stock markets slipped Monday, with investors striking a cautious tone as euro zone finance ministers took another stab at ending the standoff between Greece and its lenders. The Stoxx Europe 600 index edged down 0.1% to 375.55, pulling back after posting a 1% gain last week. Greece’s Athex Composite index slumped 3.8% to 859.70, with banks posting the biggest slides.
Sterling inched lower against the dollar and euro on Monday, ahead of a raft of British data in the coming days that could give investors more clues as to when the Bank of England will start raising interest rates.
Gold rose for a third straight session on Monday, due to a weaker dollar.