Dollar turns lower after Greek officials deny capital-control rumors

The dollar turned lower Monday afternoon as Athens denied a report that the eurozone has developed a contingency plan to impose capital controls on Greek banks this weekend if its negotiators don’t reach a deal with the country’s creditors by then.

Treasury yields rose throughout the day, but ultimately finished lower, while the yield on the 10-year German bund declined.

The common currency EURUSD, -0.0354%  was at $1.1287 after hitting a low of $1.1195. Those levels compared with $1.1265 late Friday in New York. The dollar USDJPY, +0.14%  traded at 123.37 yen, little-changed from 123.39 Friday. The pound GBPUSD, +0.0705%  traded at $1.5608, up from $1.5560.

The ICE U.S. Dollar Index DXY, -0.02% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.21% to 94.7770.

Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my