NEW YORK (CNNMoney.com) -- The dollar slipped against the euro on Tuesday amid anticipation that European officials will help Greece lower its mounting debt.
What prices are doing: The dollar fell 1% versus the euro to $1.3785 and was down 0.75% against the U.K. pound at $1.5702. Against the Japanese yen, the dollar rose 0.4% to ¥89.59.
 |
| Click on chart to view other currencies. |
What's driving prices: The dollar fell on speculation that European officials meeting this week will agree to help Greece recover from its growing debt, boosting risk appetite among investors.
Stocks rebounded from the previous session's selloff, putting additional pressure on the dollar.
"We've had a little bit of a bounce in risk sentiment overnight and debt concerns have improved sharply," said Brian Dolan, a chief currency strategist at Forex.com.
What analysts are saying: Dolan said the euro's rebound will likely be temporary and that concern about debt abroad will continue, even after the European Union meeting this week.
"I think there's going to be verbal support but no concrete action," said Dolan. "Until there is a concrete backstop in place, this Greek drama is going to continue to drag on."
Longer term, Dolan said he expects the euro will fall, pushing the dollar higher.
"The dollar is benefiting from increased risk aversion and it's also doing better from a relative growth perspective," he said. "We're doing a little bit better in the U.S. with the stimulus and significant improvements in confidence gauges, whereas that is pretty much done in Europe and elsewhere." 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
|
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |
