Euro ticks up ahead of crucial Greece-creditor talks

The euro inched higher against the dollar Friday ahead of crucial bailout talks between Greece and creditors to avoid a debt default in a currency market that was little changed.

Federal Reserve Chair Janet Yellen, in a highly anticipated speech, emphasized that the central bank would take a gradual approach in raising near-zero interest rates. Yellen's remarks appeared to have little effect on forex trade.

Focus remained on Greece on Friday, as Bundesbank chief Jens Weidmann says he is opposed to giving the troubled eurozone country more emergency loans, charging the new government in Athens with frittering away trust.

The country's new radical-left government is racing to reach a deal with its European Union and International Monetary Fund creditors by next month before state coffers run dry.

Greece needs a deal next week and is expected to present a finalized reform list Monday in a bid to unblock EU-IMF loans.