The euro declined, ending a four-day rally against the dollar, as European leaders wrangled with a defiant Greece about how to avoid a default and secure financing. The single currency dropped versus most of its major peers as Greek Prime Minister Alexis Tsipras ordered local governments to move their funds to the central bank based on needs for cash for salaries, pensions and a repayment to the International Monetary Fund. Federal Reserve Bank of New York President William C. Dudley said he is relatively optimistic that a rebound in U.S. growth will support a decision to raise interest rates later this year, backing demand for the U.S. currency. The single currency slipped 0.7 percent to $1.0732 at 1:39 p.m. in New York, following a 2.3 percent advance during the previous four days, the longest winning run since April last year. It declined 0.3 percent to 128.15 yen. The euro has dropped 7.9 percent this year, according to the Bloomberg Correlation-Weighted Index. The yen is up 5.5 percent, while the dollar has gained 5.1 percent. Source : Bloomberg