The euro tumbled more than 1 percent against the dollar and yen on Friday, with more losses seen possible, as fears over Greece's debt returned to the forefront and investors curbed expectations about the European Central Bank's interest-rate hikes. A lack of unity among eurozone officials over progress on debt assistance for Greece has raised near-term concerns in the currency market.
The euro was on track to suffer its worst one-day loss against the US dollar since May 20. The euro hit a session low at $1.43477 on trading platform EBS and was last at $1.43650, down about 1 percent on the day. Against the yen, the euro fell as low as 115.077, its weakest level since May 27. It last traded at 115.290, down about 1.1 percent on the day.
The dollar fell 0.1 percent to 80.24 yen. Japanese importers and investors were expected to show strong buying interest below 80 yen, traders said. The US Dollar Index, which tracks the greenback against a basket of currencies, rose 0.7 percent 74.739.
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