Early trade in New York: euro surge fizzles out

The euro turned lower on Tuesday as an initial rally spurred by a bailout deal for Greece disappeared, with investors opting to sell into the euro's strength amid ongoing uncertainty about the country. The euro hit a session high of $1.3292 after the successful talks overnight, but traders said such an agreement had been widely flagged and the euro may struggle to rise above resistance around $1.3307.
In early New York trade the euro was 0.2 percent lower at $1.3218, partly pressured by selling by Middle Eastern investors. The dollar was last up 0.1 percent at 79.72 yen, not far from a 6 1/2-month high of 79.89 yen hit on Monday.