EUR/USD Steady Around 1.14 after Reports a Greek Deal Reached

The euro gained against the U.S. dollar on Friday after euro zone ministers agreed to extend Greece’s financial rescue package by four months.

The agreement removed the immediate threat that Greece could run out of money next month and be forced out of the single currency area. The new leftist-led Athens government now can try to negotiate longer-term debt relief with official creditors.

The euro rallied to a session high of $1.1428 and last traded at $1.1402. Before the meeting of finance ministers began, the single currency had fallen to $1.1287.

CNBC

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