Early trade in New York: Euro falls before Greek talks

The euro fell against the US dollar for a third consecutive session on Friday as traders remained cautious before a meeting later in the day on Greece's request for a six-month loan extension. The euro traded 0.62 percent lower against the dollar at $1.1294, down from Thursday's high of $1.1450. It has largely stuck to a $1.1269-1.1450 range this week.
Greece's EU/IMF bailout program expires on February 28, and Greek Prime Minister Alexis Tsipras, who won power promising to ditch the bailout, needs to secure a financial lifeline to keep the country solvent beyond late March. "The focus is on the developments regarding the Greek situation of the euro is not having the best day today," said Sireen Harajli, a foreign exchange strategist at Mizuho Corporate Bank in New York.