Investing.com - The euro slid to one-month lows against the stronger dollar on Monday after U.S. data showing that consumer prices rose for a third straight month in April, as concerns over Greece continued to weigh on the single currency.
EUR/USD slid 0.35% to 1.0974, the lowest level since April 29.
The dollar strengthened broadly on Friday after data showed that U.S. core consumer prices rose 0.3% in April and were 1.8% higher on a year-over-year basis, the largest increase since October.
The greenback received an additional boost after Fed Chair Janet Yellen reiterated that the bank still expected to start raising interest rates later this year if the economy continued to improve as expected.
The euro remained under heavy selling pressure as the prospect of a Greek default continued to weigh.
On Sunday’s Greece’s Interior Minister Nikos Voutsis warned that the country would be unable to make a €305 million payment to the International Monetary Fund due on June 5 if a cash-for-reforms deal with its international lenders is not reached by then.
The euro was at three-week lows against the yen, with EUR/JPY down 0.33% to 133.40.
Meanwhile, the dollar was steady at two-month highs against the yen, with USD/JPY at 121.52.
Trade volumes were likely to remain thin on Monday with markets in the U.K., Germany and the U.S. shut for holidays.