Early afternoon trade in New York: Euro hits more than two-week low

The euro fell to its lowest in more than two weeks on Friday and headed for its worst week against the dollar since January after a German news report, later denied, suggested Greece had raised the possibility of leaving the eurozone. Spiegel Online reported euro zone finance ministers were meeting in Luxembourg on Friday to discuss Greece, including the issue of its possible exit from the currency bloc.
Greece, through its finance ministry, later denied it was considering leaving the eurozone. The Greece headlines though were enough to send investors further unwinding their long positions on the euro, which hit a low of $1.43500, its weakest level since April 20 on electronic trading platform EBS. In early afternoon New York trading, the euro traded 1.2 percent lower at $1.43714, further retreating from a 17-month peak of $1.49404 scaled on Wednesday. With weekly losses of 3.2 percent, the euro was on pace for its worst week against the dollar since January.