The euro weakened against major currencies on Friday as renewed uncertainty surrounding Greece’s debt negotiations weighed on investor sentiment. Concerns have risen about the lack of progress in talks between Greece and its creditors, raising the specter of a potential default and exit from the Eurozone.

Market Reaction

The currency markets reacted swiftly to the increased risk, with the euro falling against the US dollar, British pound, and Japanese yen. Investors are seeking safe-haven assets amidst the turmoil.

Key Factors Contributing to Euro Weakness:

• Stalled negotiations between Greece and its creditors
• Growing concerns about a potential Greek default
• Uncertainty surrounding Greece’s future in the Eurozone

Analysts suggest that the euro’s weakness could persist until there is a clear resolution to the Greek debt crisis. The coming days are crucial as Greece faces deadlines for debt repayments.