Euro pares losses on hopes for Greek debt deal

Tokyo

THE euro pared early losses on Monday on hopes for a last-ditch Greek debt deal, with a source saying an outline plan had been agreed to keep the cash-strapped nation in the eurozone.

In Tokyo afternoon trading, the common currency bought US$1.1135, slightly down US$1.1149 in New York late on Friday. However, it is well up from the US$1.1089 it hit in early electronic trading. The unit was little changed at 136.60 yen against 136.86 yen in US trade, while the US dollar drifted lower to 122.60 yen from 122.77 yen.