18/Jun/2011 04:44
The dollar fell against the euro after the single currency appears in the European session as investors sighed with relief that the political leaders appear more European Union agreed on a way to help Greece's debt burden.
The euro rose to $ 1.4290, up from previous levels at $ 1.4197. The plan behind the Greek rescue plan is that everything possible be done to keep the Greeks in the eurozone. But Greece may find that their prospects look better if they saw a decade ago by the Argentine default and devaluation.
Japanese yen and Swiss franc tend to benefit when investors want to survive, while the British pound could benefit along with risky assets like stocks and commodities.
The euro rose about 0.5% versus the Swiss franc and 0.1% against the yen. Against the Japanese yen, the dollar slumped to as low as 80.08 yen, compared with the previous level at 80.58 yen. British pound rose to $ 1.6169 from $ 1.6152 at the previous level.
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