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NEW YORK: The US dollar fell slightly against the euro on Friday as crisis-hit Greece edged closer to a bailout deal.
The euro was up slightly, buying 1.3294 dollars by 2200 GMT versus 1.3244 dollars on Thursday, as investors eyed a weekend deal to provide Greece with a much-needed bailout worth tens of billions of euros.
A diplomatic source in Brussels told AFP that final step in agreeing emergency loans for Greece was not likely to come until the following weekend, at a dinner summit of European leaders in the city next Friday or Saturday.
But a Greek bailout is unlikely to kill concerns about the budget situation in other eurozone countries after a week which saw Portugal and Spain downgraded.
"A resolution on Greece could kick off the week but the sustainability of a solution is key and investors will look to see if other nations will need help," UBS told clients.
In late New York trade, the dollar fell against the Japanese currency to 93.85 yen from 94.09 yen the day before.
The pound fell around half a cent against the dollar to 1.5274 dollars from 1.5340 on Thursday.
The dollar was down against the Swiss franc, to 1.0776 from 1.0831. - AFP/de
The euro was up slightly, buying 1.3294 dollars by 2200 GMT versus 1.3244 dollars on Thursday, as investors eyed a weekend deal to provide Greece with a much-needed bailout worth tens of billions of euros.
A diplomatic source in Brussels told AFP that final step in agreeing emergency loans for Greece was not likely to come until the following weekend, at a dinner summit of European leaders in the city next Friday or Saturday.
But a Greek bailout is unlikely to kill concerns about the budget situation in other eurozone countries after a week which saw Portugal and Spain downgraded.
"A resolution on Greece could kick off the week but the sustainability of a solution is key and investors will look to see if other nations will need help," UBS told clients.
In late New York trade, the dollar fell against the Japanese currency to 93.85 yen from 94.09 yen the day before.
The pound fell around half a cent against the dollar to 1.5274 dollars from 1.5340 on Thursday.
The dollar was down against the Swiss franc, to 1.0776 from 1.0831. - AFP/de
