Euro supported on Greek hopes; yen stuck in doldrums

From reuters.com

The euro started the week near one-month highs against the dollar, having staged an impressive rally on hopes that Greece will finally secure more emergency loans to keep it afloat. Euro zone finance ministers meet on Monday for a third time in as many weeks to hammer out a deal to get international lenders to release aid to Greece before debt repayments due mid-December. Germany Chancellor Angela Merkel said she was confident a deal could be reached, while the French finance minister said an agreement was close. The euro bought $1.2972, not far off Friday's peak of $1.2991, a high not seen since late October. ... (full story)