Skip to main content
Advertising

Originally published Monday, March 12, 2012 at 9:38 AM

  • Share:
             
  • Comments (0)
  • Print

Euro rises against dollar after Greek bond swap

The euro fell against the dollar Monday after Greece completed its debt restructuring program.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

The euro fell against the dollar Monday after Greece completed its debt restructuring program.

Greece exchanged most of its privately-held bonds with new ones worth less than half their original value.

The European Union is expected to approve Greece's second bailout, worth about $172 billion, this week. The cash will help the country avoid bankruptcy.

The euro rose to $1.3150 late Monday from $1.3116 late Friday.

With no major U.S. economic data due out Monday, traders are looking ahead to a Federal Reserve policy meeting Tuesday. Analysts don't expect the Fed to make any changes to its interest rate policy but traders are waiting to see if the Fed believes the economy is improving.

Recent reports suggest that the U.S. economy is improving. Employers added 227,000 jobs in February, more than analysts were expecting.

In other trading, the dollar British pound fell to $1.5637 from $1.5673. The dollar rose to 99.34 Canadian cents from 98.99 Canadian cents.

The dollar fell to 82.26 Japanese yen from 82.52 yen and to 0.9169 Swiss franc from 0.9194 Swiss franc.

News where, when and how you want it

Email Icon


Advertising