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.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.