Euro falls against dollar

PARIS: The European single currency fell against the dollar Monday as initially bullish dealers awaited details of the last-minute bailout agreement between Greece and Eurozone leaders that averted a feared Greek euro exit.
The euro dropped to $1.1061 compared to $1.1149 Friday evening as traders waited for additional news on the three-year bailout agreement for Athens providing up to 86 billion euros ($96 billion) in exchange for an array of tough reforms.
Earlier Monday, the euro had risen to $1.1157 on first word of the deal.
"The relief rally in the euro was short-lived as investors await details of the Greek agreement," said Nick Stamenkovic, macro strategist at RIA Capital Markets.
The hesitation arose after some Eurozone leaders warned the deal was just a blueprint, and noted anger with Greece was still running high over Athens´ attitude during six months of negotiations.
"Europe has decided on a roadmap. Now everything depends on implementation," said Estonian Prime Minister Taavi Roivas.
The European Central Bank, which is providing Greek banks with vital emergency liquidity funds, must now decide whether to maintain or increase current levels of credit.