The dollar turned lower Monday afternoon as Athens denied a report that the eurozone has developed a contingency plan to impose capital controls on Greek banks this weekend if its negotiators don’t reach a deal with the country’s creditors by then.The common currency EURUSD, -0.0443% was at $1.1287 after hitting a low of $1.1195. Those levels compared with $1.1265 late Friday in New York. The dollar USDJPY, +0.12% traded at 123.37 yen, little-changed from 123.39 Friday. The pound GBPUSD, +0.0705% traded at $1.5608, up from $1.5560.
The ICE U.S. Dollar Index DXY, -0.02% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.21% to 94.7770.
In other currency trading, the ruble rallied against the dollar after the Bank of Russia cut its key interest rate to 11.5% from 12.5%. The central bank said slowing economic growth and declining consumer prices were behind the rate cut. The ruble RUBUSD, +0.039450% traded at 54.55 to the dollar, up from 55.23 late Friday in New York.
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