Tags: Dollar

Euro Rises Above $1.33 After Greek Bailout Deal

Friday, 26 Mar 2010 07:44 AM

 

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The euro is trading higher after European leaders put aside their differences over the Greek debt crisis and agreed on a pledge of financial support for the country.

The 16-nation euro bought $1.3341 in early European trading Friday — up from $1.3291 in New York late Thursday.

The pledge of aid from the eurozone and International Monetary Fund, agreed at a European Union summit in Brussels, comes with strict conditions and makes no money available to Athens immediately.

It could be tapped only if Greece or other troubled eurozone countries can't raise funds from financial markets.

The British pound was up to $1.4865 from $1.4822. The dollar slipped to 92.50 Japanese yen from 92.76 yen.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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