The euro climbed against the dollar and the yen on Friday on hopes for a rescue package for Greece, but gains were capped before a key meeting on Monday that could nail down an agreement. Greece edged closer to winning the 130 billion euro rescue as officials said Germany was optimistic a deal could be struck despite misgivings that Athens would stick to commitments.
The euro rose against the dollar but trimmed early gains to trade near flat as the New York session wore on. The single currency edged up 0.11 percent to $1.3153, off the day's high of $1.3198. Against the yen, the euro rose 0.67 percent to 104.31 yen, down from an earlier high of 104.66 yen. The dollar rose 0.6 percent to 79.32 yen, according to Reuters data, and hit its highest level since October 31, when Japan sold a record 8.07 trillion yen in currency intervention after the dollar hit a post-World War Two record low of 75.311 yen.