The euro fell from a one-month high against the dollar on Monday after a German official said this weekend's European Union summit would not provide a "definitive solution" to the region's debt crisis. German Finance Minister Wolfgang Schaeuble said European governments will not present an ultimate plan at the October 23 summit.
Expectations of the meeting had grown since German and French leaders promised earlier this month to unveil a comprehensive eurozone crisis package. The euro fell 0.8 percent at $1.3762, having risen to $1.39148 on trading platform EBS, its highest since September 15. It dropped 1.4 percent to 105.64 yen.
The euro's 3.5 percent rally last week, which marked its largest in nine months, likely further reduced those shorts. Against a basket of currencies, the dollar index fell to a one-month low of 76.441 before recovering to 77.002, up 0.5 percent on the day. Against the yen, the dollar slipped 0.5 percent to 76.78.
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