Euro Declines to Four-Week Low Versus Dollar Amid Greek Pushback

The euro dropped to its lowest level in almost four weeks versus the dollar as Greece told its international creditors they needed to ease conditions for releasing bailout funds to the Mediterranean country.

The common currency fell to a 2 1/2-month low against Britain’s pound as Greek Interior Minister Nikos Voutsis, who has no economic decision-making powers, went so far as to say on Sunday that Greece couldn’t pay the International Monetary Fund in June without a deal. The dollar extended gains on Monday after completing its biggest weekly advance since September 2011. Federal Reserve Chair Janet Yellen said on May 22 that it would be “appropriate” to raise interest rates this year for the first time since 2006.