The euro fell against the dollar in a volatile session on Friday after Thursday's rally to a seven-week high as investors debated the currency's outlook and how close policymakers are in coming up with a plan to tackle the European debt crisis.
The euro fell to a fresh session low against the dollar on Friday after Market News International reported senior eurozone officials as saying the German Finance Ministry is seriously considering a plan in which Greece would be obliged to ask for a temporary exit from the euro zone until it sorts out its public finances.
The euro was last trading at $1.2543, down 0.2 percent and below Thursday's peak of $1.2589, its highest since early July. Despite Friday's losses, it has gained 1.7 percent this week, its best weekly performance on a percentage basis since February 26 at current prices. The dollar was up 0.2 percent at 78.65 yen.
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