Investing.com - The euro slipped lower against the dollar on Monday as ongoing concerns over the prospect of a Greek debt default weighed, while the dollar was steady close to recent multi-year peaks against the yen.
EUR/USD was down 0.32% to 1.0954 from 1.0987 late Friday.
Greece is due to make a €305 million payment to the International Monetary Fund on June 5.
Concerns over a possible default have mounted since Athens warned last month that it will be unable to make the repayment if a cash-for-reforms deal with its international lenders was not reached by then.
The dollar shrugged off data on Friday showing that the U.S. economy contracted in the first quarter, as recent indications of a rebound in growth continued to support expectations for higher interest rates.
U.S. gross domestic product contracted at an annual rate of 0.7% in the first three months of the year, instead of the initial estimate of 0.2% growth the Commerce Department said.
Demand for the dollar continued to be underpinned after economic data last Month indicated that the economy is gaining momentum after a weak first quarter.
USD/JPY was at 124.14, not far from the 12-year highs of 124.45 set last Thursday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 97.22, not far from the five week highs of 97.88 hit last Wednesday.