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.
EUR/USD 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 EUR/GBP inching up 0.04% to 0.8094, but was lower against the yen, with EUR/JPY slipping0.21% to 106.70.
Later in the day, Germany was to release data on German consumer climate.