Investing.com - The euro slid against the dollar on Monday, extending its pullback from last week’s two-month highs as investors turned their attention to a meeting between eurogroup finance ministers and Greece later in the day.
EUR/USD was down 0.38% to 1.1158, off the two-month peaks of 1.1391 set last Thursday.
Greece and the euro zone were to hold a fresh round of talks later Monday as Athens scrambles to reach an agreement on a package of economic reforms in order to access fresh bailout funds.
Ahead of the talks Greece’s government indicated that it was still hopeful that progress would be made but euro zone officials have indicated that too many issues still remain unresolved.
Greece was due to repay approximately €770 million to the International Monetary Fund on Tuesday.
The euro was also lower against the yen and the pound, with EUR/JPY dipping 0.15% to 133.94 and EUR/GBP at 0.7240.
Sterling remained supported after Prime Minister David Cameron’s Conservative Party won a surprise majority in British elections late last week.
Elsewhere, the dollar was slightly higher against the yen, with USD/JPY edging up to 119.9.
Data on Friday showed that the U.S. economy added 223,000 jobs in April, just shy of economists forecast for 224,000. But March’s payrolls report was revised to show that only 85,000 jobs were created, the fewest since June 2012.
The data did little to alter expectations that the Federal Reserve will keep rates on hold at current record lows until later in the year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.24% to 95.13, off last week’s two-month trough of 93.96.