Euro under pressure on Greek default worries

PUBLISHED ON APR 20, 2015 1:24 PM

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The euro dipped Monday on fears about a Greek default. -- PHOTO: BLOOMBERG

TOKYO (AFP) - The euro dipped Monday on fears about a Greek default, as tense talks between Athens and its international creditors lumber along with no breakthrough in sight.

In Tokyo, the euro slipped to US$1.0800 and 128.38 yen from US$1.0810 and 128.49 yen in New York.

The U.S. dollar fetched 118.87 yen, against 118.86 yen in US trade but down from 119.00 yen in Tokyo earlier Friday.

At the weekend, both the ECB's Draghi and IMF Managing Director Christine Lagarde warned at IMF-World Bank spring meetings in Washington that Greece has not provided enough information about how its economic and reform plans will impact its finances