The US dollar has fallen against all major currencies after the European Union (EU) signaled it was inching closer to salvaging debt-ridden Greece.
Press TV, 10 April 2010
The euro rose close to a cent and a half against the greenback to 1.35 on Friday. The UK's pound sterling climbed up about a cent as well.
Against the Japanese currency yen, the US currency fell to 93.18, down from 93.40 on Thursday.
Also, in New York, the dollar dropped against the Swiss franc nearly one cent to 1.0663 from 1.0739 francs a day ago.
The development came after speculations increased about an imminent EU decision to implement a rescue package for Greece.
"Resolving the Greek situation has restored risk appetite, driving the US dollar lower against nearly all of the major currencies," AFP quoted Kathy Lien, an analyst with Global Forex Trading, as saying.
