U.S. Dollar Higher after Greece Deal

The dollar strengthened against the yen and euro on Tuesday after Greece finally agreed to a debt deal with its creditors and allowed the market focus to shift back towards U.S. and European yield differentials.

The greenback performed well against the yen, which lost its safe-haven appeal with the worst-case-scenario of Greece exiting the euro seemingly averted.

The U.S. currency also stood tall against the euro. With the Greek debt saga off center stage, the spotlight returned to when the Federal Reserve will begin hiking interest rates.