The euro started the week in Asia with a negative tone as investors turned wary after Athens and its creditors failed to agree on a debt swap deal that is vital to avert a chaotic default for Greece. The euro stood at $1.2882, down some 40 pips from $1.2930 late in New York on Friday. It fell as low as $1.2856 in thin early dealings. Trading is expected to be subdued in Asia with many centres including China, Hong Kong and Singapore closed for the Lunar New Year holidays. "There was no clear outcome on the talks about the restructuring of Greek debt over the weekend and that's probably pressured the euro ... (full story)