Greece jitters leave euro flat vs dollar
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NEW YORK, Nov 12 AFP
November 13 2012, 09:55AM
The euro held steady against the US dollar on Monday amid concerns about Greece's debt crisis as eurozone finance ministers awaited a report by its international creditors.
One euro bought $1.2709 at ,2200 GMT (0900 AEDT) unchanged from Friday.
The euro ticked up slightly against the Japanese currency, to 101.02 yen compared with 100.99 yen late Friday.
The US dollar was essentially unchanged against the yen, at 79.49 versus 79.47.
Eurozone finance ministers are relying on a long-delayed report, drawn up by officials from the European Union, the European Central Bank and the International Monetary Fund, to assess Athens's efforts to meet its targets and decide whether to release a next aid tranche of some 31 billion euros.
According to a draft report seen by AFP on Monday, Greece's international creditors will have to find 32.6 billion euros ($A40.05 billion) if they agree to extend its debt bailout by two years to 2016.
Athens would need 15 billion euros to cover 2013-2014 and another 17.6 billion euros for 2015-2016.
"Despite the Greek parliament passing an austerity-filled budget this weekend, investors are still concerned that Greece will not receive their next tranche of funds in time to avoid defaulting on their loans," said Neal Gilbert at GFT.
Meanwhile, the US dollar was essentially unchanged at 0.9481 Swiss francs. The British pound fell to $1.5877 from $1.5888 late on Friday.