Euro slips against dollar on worries about Greece

AP News
Posted: Nov 13, 2012 3:42 PM

NEW YORK (AP) — The euro fell against the dollar Tuesday after finance ministers delayed $40 billion in aid for Greece.

The ministers will meet again on Nov. 20 to make a decision about releasing the funds.

On Tuesday, Greece's European neighbors decided to give the country two more years to meet its economic targets. They remain at odds with the International Monetary Fund over how to make the country's debt manageable.

The euro fell to $1.2705 in late trading Tuesday from $1.2714 late Monday. The British pound fell to $1.5874 from $1.5882.

The dollar fell to 79.41 Japanese yen from 79.46 Japanese yen and to 0.9474 Swiss franc from 0.9479 Swiss franc.

The dollar rose to 1.0013 Canadian dollar from 99.93 Canadian cents.