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1st LD Writethru: U.S. dollar climbs against euro on Greek uncertainties

Xinhua, July 8, 2015 Adjust font size:

The U.S. dollar increased against the euro on Tuesday as investors were awaiting future developments in Greece debt crisis.

The first Eurogroup meeting on the Greek debt deal after Sunday 's referendum ended fruitless on Tuesday, with lenders saying that their expectation for new Greek proposals fell, but Athens denied and insisted that they had in fact presented proposals.

The Greek people on Sunday gave an overwhelming "No" in the referendum on a rescue package from creditors, dramatically increasing the chance for the country to crash out of the Eurozone.

The shared currency was down over 0.7 percent at 1.0977 U.S. dollars in late trading. Meanwhile, the dollar index, which measures the greenback against six major peers, was up 0.45 percent at 96.732.

On the U.S. economic front, the Commerce Department said on Tuesday that the U.S. international trade deficit in goods and services rose to 41.9 billion U.S. dollars in May from 40.7 billion U.S. dollars in April. The latest reading was higher than market consensus of 42.7 billion U.S. dollars.

In late New York trading, the euro fell to 1.0977 dollars from 1.1051 dollars in the previous session, and the British pound dipped to 1.5446 dollars from 1.5603 dollars in the previous session. The Australian dollar went down to 0.7442 dollars from 0. 7499 dollars.

The U.S. dollar bought 122.46 Japanese yen, higher than 122.45 yen of the previous session. The U.S. dollar climbed to 0.9467 Swiss francs from 0.9427 Swiss francs, and it hiked to 1.2723 Canadian dollars from 1.2658 Canadian dollars. Endite