With Greece ready to do the deal with its private investors to write of 50% of the face value of its debt the Euro fell as traders waited for the end to negotiations.

The Euro had previously had some strong gains but seems to have fallen back against sterling, the yen and Swissie.

"LONDON (Dow Jones)--The euro drifted lower in European trading Friday, giving back some of the week's strong gains, as currency traders awaited an update on Greece's pivotal debt talks and a cautious tone descended on the market ahead of the weekend." .... MORE from WSJ