The euro rose against the dollar as there were concerns about the Greece’s fiscal crisis improved when French president Nicolas Sarkozy said there are plans to support the debt-strapped country, if necessary. Dean Popplewell, chief currency strategist, at OANDA in Toronto said: "Sarkozy giving a thumbs up to the euro and an EU backing for Greece gave us a better bid tone before we started the market this morning.But with the lack of North American data especially after last Friday’s surprising US employment report, the market is sitting back and digesting the comments out of Europe especially from Papandreou."
The dollar was flat against the yen at 90.27 yen. The euro was also little changed against the Japanese currency at 123.04 yen.