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Dollar falls on Greek deal, upbeat job data

02-10-2012 08:50 BJT

NEW YORK, Feb. 9 (Xinhua) -- The U.S. dollar fell against most major currencies in late New York trading on Thursday as Greek leaders agreed on a austerity plan which may prevent the country from defaulting.

Greek political leaders on Thursday reached a deal over austerity measures in order to prevent debt default. Finance minister from the euro zone countries will meet later Thursday to discuss the plan and decide whether to release the bailout funds.

The news helped ease investors'concerns about the Greek debt problems and lifted the euro. The shared currency gained 0.2 percent against the dollar.

Meanwhile, the European Central Bank decided to keep its key interest rate unchanged at 1 percent on Thursday, erasing uncertainties about the monetary policy.

The Bank of England on Thursday said that the central bank would buy an additional 50 billion pounds of assets, mostly British government bonds, in an effort to ease credit and boost the economy. The British pound rose on Thursday following the announcement.

The U.S. Labor Department said that initial jobless claims dropped 15,000 to 358,000 last week, suggesting the job markets continued to recover. The dollar index edged down 0.07 percent to 78.58 on Thursday.

In late Thursday trading, the dollar bought 77.66 Japanese yen, comparing with 77.01 from late Wednesday. The euro rose to 1.3290 dollars from 1.3254.

The British pound rose to 1.5824 dollars from 1.5814. The dollar fell from 0.9121 Swiss francs to 0.9120, and also fell to 0. 9950 Canadian dollars from 0.9960.

Editor:Zhang Rui |Source: Xinhua

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