Dollar went down during the Asian session after debt deal for Greece

us_dollar
U.S. dollar

The U.S. dollar weakened against the other major currencies today after IMF and EU policymakers came out with a debt-reduction plan for Greece.

In today’s Asian trading the currency pair EURUSD was traded at 1.2984.

Greece’s EU and IMF creditors determined to reduce the country’s debt-reduction target by EUR40 billion to 124% of gross domestic product by 2020.

Besides, Greece is supposed to cut debt burdens down further to 110% by 2022, while EU and IMF policymakers decided to trim interest rates on Greek loans, extend their maturity by 15-30 years, and to allot the country a 10-year interest repayment deferral.

In the same time, the American dollar was down against the pound, with GBPUSD trading at 1.6038.

The greenback was also down against the yen, with USDJPY moving down to 82.01 and down against the Swiss franc, with USDCHF reaching 0.9276.

The U.S. dollar was below its main counterparts in Canada, Australia and New Zealand, with USDCAD trading at 0.9927, going up at 1.0482 and NZDUSD reaching 0.8227.

The dollar index, that follows the movement of the greenback together with six other major currencies, was down with 0.10% at 80.13.

Later today, America is expected to show official data on durable goods orders, which is a leading indicator of production, as well as industry data on house price inflation.

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