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Euro falls ahead of euro zone decision on Greek bailout

Published 13/07/2015, 05:29 am
© Reuters.  Euro falls ahead of euro zone decision on Greek bailout

WELLINGTON, July 13 (Reuters) - The euro fell in early trade on Monday as investors awaited the outcome of a meeting of euro zone leaders who are demanding tough reforms from Greece in exchange for a new financial plan to rescue the heavily indebted country from bankruptcy.

The single currency EUR= fell to $1.1097 according to Reuters data, from $1.1162 in late trade on Friday.

Greece's 18 euro zone partners want Prime Minister Alexis Tsipras to push legislation through parliament before releasing funds to avert a state bankruptcy and starting negotiations on a third bailout programme. ID:nL5N0ZS09X

Against the Swiss franc EURCHF=R the euro eased to around 1.0425 francs, from around 1.0480 francs late last week.

The dollar JPY= fell more than half a yen to around 122.05 yen as the uncertainty over Greece's future in the euro zone boosted the "safe haven" Japanese currency.

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