NEW YORK (AP) — The euro is falling against the dollar as investors worried that Greece may default on its debt.
Investors are concerned that European officials won’t give the country its next $11 billion payment in time to avoid defaulting on its debt.
The payment is part of last year’s $151 billion bailout package.
On Friday, European finance ministers meeting in Poland decided to delay making a decision on whether to make the payment until October.
A default could undermine the global economic recovery and hurt banks that hold Greek debt.
In midday trading Monday, the euro fell to $1.3634 from $1.3791 late Friday.
The British pound fell to $1.5674 from $1.5788. The dollar fell to 76.44 Japanese yen from 76.87 Japanese yen but rose to 0.8836 Swiss franc from 0.8760.
