The euro gained versus the greenback after touching its three week low on Thursday as Greece’s debt situation improved. As per the latest news more European Union officials showed their confidence that the country will receive the required funding.
Analysts now hold mixed opinions on the latest development as some believe that the pressure for the single currency is still there.
The euro surged to 1.4197 versus the US dollar on Thursday as compared to 1.4162 on Wednesday’s North American trading session. However the pair EUR/USD reached its three week low of 1.4072 in the session earlier but gained later on positive development.
The dollar index DXY which measures the US dollar’s movement against its six major counterparts declined to 75.476 on Thursday as compared to 75.630 on Wednesday’s late trading hours. However the index reached its high of 76 earlier in the session.
The British Pound plunged to 1.6152 versus the US dollar as compared to 1.6174 on Wednesday. Among other currencies the US dollar declined to 80.58 versus the Japanese Yen on Thursday as compared to 80.95 on late Wednesday.
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