The euro weakened against the dollar on Monday, after the failure of Greek coalition parties to approve the terms of a new bailout package rekindled worries about a chaotic default that could spread to other debt-ridden, euro zone countries. A meeting of Greek political leaders to discuss reforms under the package has been postponed by a day to Tuesday.
In late morning trading, the euro was down 0.3 percent at $1.31075. It earlier hit a low of $1.30270 on trading platform EBS after stop loss orders were tripped below $1.3050. Against the yen, the euro fell 0.2 percent to 100.428 yen while against the safe-haven Swiss franc it was 0.1 percent lower at 1.20650 francs, not far from the Swiss central bank's cap at 1.20 francs per euro. The dollar bought 76.570 yen, having hit 76.809 yen, its highest in over a week, though offers were cited around 76.80-77 yen. The Aussie was last down 0.4 percent to US $1.0736, off the six-month high of $1.0794 hit on Friday.
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