The US dollar gained versus the euro on Wednesday in reaction to the news that Greece’s bailout payment could be delayed for two months. Now the creditors are thinking of alternative ways such a bridge financing for the upcoming bond repayment of 14.5 billion euros equivalent to $19 billion.

Director of currency research, Kathy Lien from GFT commented, “The risk of a default increased after reports from EU sources that euro-zone finance ministers could delay all or part of a Greek bailout until Greece provides the necessary documentation to assure that they will not renege on the deal, Europe and Greece are playing a game of chicken.”

The euro fell to 1.3067 against the US dollar on Wednesday as compared to 1.3094 on Tuesday’s late trading hours.

The dollar index DXY which measures the US dollar’s performance versus its six major counterpart currencies gained to 79.641 on Wednesday as compared to 79.607 on Tuesday’s North American trading session.

Among other currencies, the British Pound gained to 1.5694 versus the US dollar on Wednesday as compared to 1.5661 on late Tuesday. Against the Japanese yen, the greenback fell to 78.39 as compared to 78.49 on Tuesday’s late trading hours.