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The euro fell against the dollar as Greek Prime Minister Antonis Samaras prepared to meet with his German and French counterparts to ask for more time to meet economic targets.
The common currency pared the biggest weekly gain versus the greenback since February after a German lawmaker said Europe’s largest economy can’t make more money available for Greece. Samaras will meet German Chancellor Angela Merkel today and French President Francois Hollande tomorrow. The Australian dollar weakened after Reserve Bank Governor Glenn Stevens said the currency would probably fall if a mining boom ends.
EUR/USD: during the Asian session, the pair consolidated in $1.2550 - $1.2570 area. Later the pair fell.
GBP/USD: during the Asian session, the pair consolidated in $1.5850 - $1.5870 area. Later the pair fell.
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