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Euro rises after Greek debt accord

Saturday, 21 February 2015

The euro closed higher against the dollar Friday, but finished lower on the week, after the Eurogroup announced it had agreed to a four-month extension of Greece’s bailout.

The shared currency EURUSD, +0.11% traded at $1.1377, down from its session high of $1.1430. It had traded at $1.1369 Thursday. Greece’s bailout agreement is set to expire on Feb. 28. The shared currency recorded a 0.1% weekly loss against the U.S. dollar.

The ICE U.S. Dollar Index DXY, -0.09% a measure of the dollar’s strength against a trade-weighted basket of six currencies, finished lower for the fourth week in a row. The index was down 0.05% to 94.3490.

The dollar USDJPY, +0.04%   finished the session at 119 yen, unchanged from Thursday’s close, because of the market’s focus on Greece Friday, rather than the U.S. economy.

The pound GBPUSD, -0.11%  traded at $1.5399, compared with $1.5417 Thursday.

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