The 17-nation currency slid against most of its 16 major peers as France prepares to sell as much as 8.5 billion euros ($11.1 billion) of bills today. The Dollar Index rose before St. Louis Federal Reserve President James Bullard speaks amid speculation the U.S. central bank will avoid easing monetary policy further. Australia’s currency retreated for the first time in five days after government data showed the nation’s retail sales unexpectedly declined.
“Clearly the talks are influencing risk sentiment and the euro’s dynamics,” said Jeremy Stretch, head of currency strategy at Canadian Imperial Bank of Commerce in London. “Markets are still a little nervous. A Greek default is not off the table.”
