EUR/USD Drops to Near 1.13 on Greece

The euro inched higher on Monday ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece beyond its current bailout programme and keep it inside the currency bloc.

In a day weakened by the absence of U.S. investors due to a national holiday, the New Zealand dollar was the biggest mover on major currency markets, up almost 1 percent after a strong retail sales report.

The euro has gained steadily through a nervous month of deadlock between the new government in Athens and its international creditors in Europe and at the IMF.


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