Australian dollar lower as Greek negotiations sour

THE Australian dollar is lower after a poor start to a fresh round of negotiations between the new Greek government and the European Union.

THE Australian dollar is lower after a poor start to a fresh round of negotiations between the new Greek government and the European Union over the debt-stricken nation’s bailout package.

At 0630 AEDT on Tuesday, the local dollar was trading at 77.64 US cents, down from 77.84 cents on Monday.

Greece rejected an opening EU bailout offer as “absurd” and “unacceptable”, after it had been told to respect the existing conditions of the bailout.

Originally published as Australian dollar lower as Greek negotiations sour