Investing.com - The euro was trading close to a one-month high against the U.S. dollar on Monday, as hopes that an agreement on a delayed bailout payment for Greece was close supported the single currency.
hit 1.2985 during late Asian trade, the session high; the pair subsequently consolidated at 1.2979, inching up 0.04%.
The pair was likely to find support at 1.2867, Friday’s low and near-term resistance at 1.3019, the high of October 31.
The euro remained supported ahead of a meeting of euro zone finance ministers later in the day to discuss whether to release Greece’s next tranche of aid.
German Chancellor Angela Merkel said she believes a deal can be reached at Monday’s talks, while the French finance minister said over the weekend that an agreement is close.
The euro was steady against the pound, with inching up 0.04% to 0.8094, but was lower against the yen, with slipping0.21% to 106.70.
Later in the day, Germany was to release data on German consumer climate.