Dollar mixed on new bailout plan for Greece

14:30, July 23, 2011      

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The U.S. dollar traded mixed against major currencies in late New York trading on Friday as European leaders reached agreement on new bailout plan for Greece.

On Thursday, European Union leaders agreed to a new 157 billion dollar bailout plan for Greece during eurozone emergency summit. The leaders also emphasized their commitment to remedy the sovereign-debt contagion.

However, skepticism about the eurozone's long-run ability to prevent contagion of debt crisis still weighed on the euro. The euro reversed its earlier gains against the dollar in late trading session on Friday.

Meanwhile, uncertainty about the U.S. government's debt- ceiling problems still pressure on the dollar as the dollar index rose slightly by 0.27 percent to 74.21 on Friday.

In late Friday trading, the dollar bought 78.43 yen, unchanged from late Thursday, and the euro fell to 1.4368 dollars from 1. 4409.

The British pound rose to 1.6308 dollars from 1.6307. The dollar rose from 0.8163 Swiss francs to 0.8181, and also rose to 0. 9492 Canadian dollars from 0.9445.



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