Early trade in New York: Euro vulnerable versus dollar

The euro slipped against the dollar in choppy trading on Tuesday, and could remain vulnerable this week, on concerns Greece might restructure its massive debt, which could damage the eurozone's credibility. The US dollar also got a boost against most major currencies as investors unwound bets in commodities, stocks, and high-yielding units such as the Australian dollar on concerns global growth has stalled.
The euro was last at $1.4140, down 0.1 percent, recovering from a seven-week low of around $1.4048 hit on Monday on trading platform EBS. The $1.40 trading level, however, has kept the euro supported with buying from central banks and hedge funds. The euro rose 0.6 percent to 115.01 yen, while the Swiss franc was up 0.5 percent at 91.86 yen. The dollar was up 0.7 percent against the yen at 81.35 yen, with traders citing demand from funds and stops above 82 yen.