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NEW YORK – The dollar rose Thursday as Greece warned that it will be forced to turn to the International Monetary Fund if the European Union can't agree to a bailout plan.
The 16-nation euro slid to $1.3679 in late New York trading Thursday from $1.3753 late Wednesday. The British pound slipped to $1.5309 from $1.5329, while the dollar rose to 90.39 Japanese yen from 90.20 yen.
While European nations have been slow to pledge concrete help for Greece, Prime Minister George Papandreou said he expects EU leaders to decide on a blueprint of aid from the 16 countries that use the euro at a summit next week.
Papandreou said he isn't asking for money but a clear mechanism for financial help in case Greece can't afford to borrow from markets.
The euro has been "unable to gain any impetus as the market looks to see past the 'smoke and mirrors' of political rhetoric surrounding a bailout plan for Greece," CMC Markets analyst Michael Hewson said.
Meanwhile, U.S. economic reports pointed to slight improvements in inflation, jobless claims and future economic growth.
In other late trading, the dollar rose to 1.0573 Swiss francs from 1.0529 francs late Wednesday, and edged up to 1.0099 Canadian dollars from 1.0091.
