The euro currency was down to a 1-month low versus the US greenback as worries over the ability of Greece to repay its financial burdens increased, while the government’s bonds is being hounded anew by pressure. The euro plunged 0.8 pct to $1.0885, stretching the previous day’s fall as stock markets resumed trading after the long holiday break. The development comes after Greece intensified its concerns over whether the country will have enough financial capacity for repayments due to the IMF this coming June. According to currency planners at Citigroup, “Doubts around Athens has kept the single currency on the back burner.� A surging US currency advanced helped to peg back the euro, with the currency hitting its biggest level in almost 8 years versus the yen. Recent boost behind advance Based on analysts’s projections, a recent boost in U.S. economic figures and comments coming from Federal Reserve Chair Janet Yellen that the Fed is on course to hike its rates for 2015 were behind the rally. Investors await a host of U.S. economic reports, which includes orders for durable goods and new housing unit sales, for the latest indications as to the general status of the country’s economy. In bond markets, two-year yields of Greece were up by 1.3 pct point to 23.88 pct in the midst of escalating worries over a default. Safe haven German bonds benefited from the jitter with ten-year output falling 0.059 pct point at 0.56 pct. Yields were down as prices soar. Meanwhile, the IBEX 35 stock index of Spain fell 0.5 pct, having declined 2 pct on Monday. In other developments, stocks in most of Europe were generally higher. The Stoxx Europe 600 index advanced 0.3 pct in early sessions as companies in Europe tend to benefit from a sluggish currency.

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