The U and the euro weakened to their weakest level against the dollar since January and are now below their lows in March, according to data compiled by Bloomberg.
The euro, which fell 0.7% to $1.1563 in New York, was the worst-performing major currency against the U.K. and France.
The dollar index, which tracks the greenback against a basket of major currencies, was 0.3% lower at 103.19.
The Japanese yen, which is expected to weaken further in coming months, was unchanged at 104.75.
The yen has lost more than half its value since January.
The euro is down 0.4% against the greenbacks’ weakest since mid-April, but is up nearly 3% against U.A.E. currencies, the world’s second-biggest economy.
At the same time, the U-K.
pound fell 0 .7% against a $1 trillion U.N. debt deal that could be reached later this month.
It is the first time it has lost ground against the yen since January, according the British Bankers’ Association.
The pound has risen nearly 3.5% against other major currencies since January as the U.-K.
renegotiated its terms of its $5.7 trillion debt deal with European creditors.
The deal also includes an emergency financial assistance program for the country’s exporters, who could lose billions in revenue.
“The euro has done well.
The Eurozone has been very good to it,” said Mark O’Donnell, chief economist at Capital Economics.
“It has had an extraordinary run of performance.
But this was the start of a process that I think is going to continue.”
The yen is down 1.3%, and is now at its lowest since mid March.
The greenback is up 0.9% against its weaker-than-expected counterpart, the green-backed dollar.
On Monday, the central bank of the European Union and the European Central Bank said they were considering an interest rate hike as the crisis over Greece’s debts deepened.
Greece’s creditors have agreed to a series of measures in return for a $15 billion payment that would allow the country to pay down its debts.
Greece is the third-largest economy in Europe and the fourth-largest in the world, and the nation has been stuck in a financial tailspin since the start, with inflation topping 500% last year.
Inflation in Greece is expected in the single digits this year, while the cost of living in Athens is rising sharply.
A series of factors, including rising food prices, are contributing to a severe food shortage.
The Greek government has tried to limit the impact on consumers, saying it wants to ensure food products are not being overpriced.
This month, the euro lost 1.1% to the dollar.
dollar index has dropped 0.8% to 113.30.