On Wednesday, the euro fell against other major currencies, as Greece became the first country in the developed economies, which defaulted on loans from the International Monetary Fund after it has ended its rescue program.
The EUR/USD fell to 1.1126 from 1.1145.
The IMF confirmed that the Greek government has not made on Tuesday another scheduled tranche in the amount of € 1.6 billion to repay the loan.
The Fund said that Greece will now be able to obtain additional financing only after it gets rid of the debt. On Tuesday evening, Greece has applied for the extension of the repayment of financial liabilities, on which the fund responded that it would consider the proposal "in due time".
Greek default intensified concerns about the solvency of the country and stressed concerns about the state of the Greek banks and their providing with loans of the European Central Bank.
Earlier on Tuesday, the Greek government has requested a new two-year program of rescue and restructuring debt, the third in the last five years. However, the latest proposal came too late for Greece to reach until the end of the current program of salvation.
Later on Wednesday, the finance ministers of the eurozone should hold a meeting in order to discuss the latest Greek proposal, but German Chancellor Angela Merkel ruled out further negotiations until Sunday referendum in Greece.
On Saturday, Greece broke off negotiations with the creditors, and Prime Minister Alexis Tsipras announced a referendum on July 5 on proposed conditions of creditors to continue bailout program.
European leaders announced that in the referendum people will decide the fate of Greece in the euro zone.
The pair EUR/JPY is traded at 136.47, and changed very little today, and the pair EUR/GBP drop with 0.2% to 0.7886.
The dollar rose slightly against the yen, with USD/JPY pair rose 0.11% to 122.63.
Today, the Bank of Japan report showed that the sentiment index of large manufacturers improved in the second quarter, indicating that the economic recovery is gaining momentum.
Meanwhile, China's data showed that the index of business activity in the manufacturing sector slowed in June, but activity in the services sector showed a slight rise.
The USD index, which measures the dollar against the basket of six major currencies, was almost unchanged at 95.81.