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 with investors hesitant to make big
bets before a U.S. holiday weekend.
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.
Euro zone finance ministers were due to vote on the package
on Monday, the Presidents Day market holiday in the United
States even though, given the stakes, some U.S. traders are
expected to be at their desks.
Traders said uncertainty could keep the euro rangebound
until a rescue is finalized.
"We're probably going to go home pretty flat," said John
Doyle, a currency strategist with Tempus Consulting in
Washington, D.C. "We're still very hesitant until a deal is
done."
