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The euro dropped off slightly as concern about the Greek debt crisis rumbled on, with no progress made between private creditors and the troubled nation, reports Bloomberg.
Insecurity in the market saw the common currency slip back by 0.2 per cent against the dollar, reaching $1.3050.
"The euro's inability to push through technical resistance around $1.3244, disappointment from the European Union summit and concerns about Greece and Portugal are causing euro/dollar to pull back," Niels Christensen, currency strategist at Nordea in Copenhagen, told the news provider.
In the US, the dollar performed well against many of its major rivals but drifted towards a three-month low versus the yen.
Sterling hit a two-and-a-half month high against the greenback as risk appetite improved yesterday, Reuters noted.
Posted by Clive Arneil
