The euro dropped against the dollar and retreated from a seven-month high versus the yen on Monday as market participants pared bets in favour of the single currency as they awaited word on whether Greece will secure crucial loans needed to pay off its debt.
The euro was last down 0.5 percent at 106.38 yen, having hit 107.135 yen on trading platform EBS in Asian trade, the single currency's strongest level since late April. Against the dollar, the euro was last down 0.1 percent at $1.2958, having hit $1.2991 on Friday, its highest since late October. The dollar was weaker against the yen, trading 0.4 percent lower at 82.08 yen, with some investors unwinding long positions that have been built in recent weeks.
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