The euro extended its decline against the dollar on Thursday, weighed down by persistent anxieties surrounding Greece’s ability to manage its debt obligations. Negotiations between the Greek government and its European creditors have yet to yield a breakthrough, contributing to market jitters.

Analysts suggest that the lack of progress in the talks is raising concerns about a potential default by Greece, which could have significant repercussions for the Eurozone. The European Central Bank’s (ECB) quantitative easing program has provided some support to the euro, but the Greek situation continues to overshadow the positive effects.

Key factors influencing the euro’s trajectory include:

• The outcome of the ongoing negotiations between Greece and its creditors.
• The ECB’s monetary policy decisions.
• Overall economic data from the Eurozone.

Market participants are closely monitoring these developments for further clues about the future direction of the euro.