The dollar gained profit against the euro Thursday as talks between Greece and the eurozone on bailout terms hit another snag. Germany rejected Athens's request for a six-month extension of its EU loan program without austerity reforms attached. German Chancellor Angela Merkel held talks with Greek Prime Minister Alexis Tsipras by telephone for nearly an hour on Thursday in a "positive climate," a Greek government source said. Finance ministers from the 19-member eurozone will hold a crunch meeting in Brussels on Friday to consider the proposal by Athens to extend its European loan program that expires at the end of the month. But its longer run prospects remain bullish on account of America's positive fundamentals which still have the Fed on course to boost interest rates this year.
Friday, February 20, 2015
Dollar profit gains as Greek talks weigh on euro
10:36 AM
By:
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On: 10:36 AM
In: currency tips, Domestic forex, domestic forex tips, i fores tips, international forex tips
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