New York---Forex traders sent the euro falling 1.1 percent against the dollar Monday after ending last week at a three-month high, as worries about Greece continued to weigh on the market.
The euro lost more than 1.3 cents to $1.1315 as of 2100 GMT, at least pausing a one-month surge on optimism over growth recovering in the euro area.
The euro also fell 0.6 percent to 135.75 yen, with the European Central Bank's repeated pledges to stick to its quantitative easing program also limiting the euro's upside.
The euro "was simply pressured... by concerns about Greece," said Boris Schlossberg of BK Asset Management, after news reports saying the country did not have the capacity to make its next debt payments without a deal with creditors.
But he added that there was room for profit taking after the euro's run since mid-April.
"Given the significant move in the anti-dollar rally over the past several weeks, this may be the week where the greenback finally catches a bid," he said.
2100 GMT Monday Friday
EUR/USD 1.1315 1.1446
EUR/JPY 135.75 136.67
EUR/CHF 1.0479 1.0483
EUR/GBP 0.7229 0.7279
USD/JPY 119.97 119.41
USD/CHF 0.9262 0.9158
GBP/USD 1.5653 1.5724
AFP
