The euro slid from a two-week high against the US dollar on Friday as investors locked in profits from this week's rally, wary about the outcome of Greek debt negotiations although there were growing expectations of a deal. An initial agreement between Greece and its private creditors to reduce the country's huge debt load could come as soon as late Friday, sources familiar with the talks said. Any supposed agreement will be followed by technical talks over the weekend.
In midday trading, the euro was down 0.2 percent at $1.29380, falling from a peak of $1.29866 on trading platform EBS, when it stopped just shy of the key $1.30 level. However, it remained well above last week's 17-month low of $1.26240. Against the yen, the euro was down 0.4 percent at 99.650, off an earlier three-week high of 100.330 yen, but still comfortably above an 11-year low of 97.040 yen hit on January 16. The dollar index edged 0.1 percent lower to 80.150, but off a two-week low of 79.999 hit earlier in the session. The US dollar fell 0.2 percent against the yen to 76.980, according to EBS.
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