The euro continued to be weaker against the other major currencies in the Asian session on Tuesday, as traders await the European Central Bank's monetary policy meeting on Wednesday.

The European Central bank will announce its interest rate decision at 7:45 am ET. The economist expect the bank to retain interest rates unchanged at 0.05 percent.

Following the announcement, European Central Bank President Mario Draghi will hold the customary post-meeting press conference. With inflation staying well below the target and the economic recovery just taking hold, Draghi, is expected to quash talk of wrapping up the quantitative easing program early at the press conference.

Ongoing concerns on Greece have build fears among the traders about the future of Eurozone economy. Greece has time until April 24 to present a list of reforms which, if found acceptable, would unlock the final tranche of aid to keep the Greek economy afloat.

Last Thursday, Greece repaid a 450 million euros loan to the International Monetary Fund. But, it has more to pay in the coming months and some of the economists speculate that the country is unlikely to repay the dues.

The EUR has been trading lower in recent sessions. Since April 6, the Euro had lost 2.55 percent against the pound, 4.43 percent against the U.S. dollar, 1.69 percent against the Swiss franc and 3.88 percent against the Yen.

In the Asian trading today, the euro fell to 1.3262 against the Canadian dollar for the first time since May 2013, from yesterday's closing value of 1.3308. If the euro extends its downtrend, it is likely to find support around the 1.30 area.

The euro depreciated to 1.0317 against the Swiss franc for the first time since January 29, from yesterday's closing quote of 1.0329. On the downside, 0.97 is seen as the next support level for the euro.

The euro dropped to 126.29 against the yen for the first time since June 2013, from yesterday's closing value of 126.87. The next downside target for the euro is seen at 124.00 level.

Pulling away from am early high of 0.7212 against the pound, the euro edged down to nearly a 4-week low of 0.7192. The euro may test support near the 0.70 region.

Against the U.S. and the New Zealand dollars, the euro edged down to 1.0541 and 1.4118 from yesterday's closing quotes of 1.0565 and 1.4165, respectively. The euro may test support near 1.04 against the greenback and against the 1.39 Kiwi.

Looking ahead, U.K. consumer prices, producer prices and retail prices for March and Eurozone industrial production for February are slated for release in the European session.

In the New York session, U.S. advance retail slaes data and producer price index - both for March and U.S. business inventories for February are set to be published.

At 8:00 am ET, U.S. Federal Reserve Bank of Minneapolis President Narayana Kocherlakota is expected to speak before a public town hall forum hosted by Winona State University, Winona, United States.

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