The
euro held gains against the dollar after Greece reached a deal on
extending its bailout program, tempering speculation the nation will
exit the currency region.
The
19-nation single currency erased a 0.8 percent decline on Feb. 20 after
euro-area finance ministers reached an agreement that would keep
bailout funds flowing to Greece for another four months. Options traders
are willing to pay the most in a month to guard against losses in the
euro with Greece having until the end of Monday to complete a list of
policies in return for the continued funding.
The
euro fetched $1.1385 at 8:49 a.m. in Tokyo, compared with $1.1381 on
Friday, when it gained 0.1 percent. It advanced as much as 0.3 percent
on Monday. Against its Japanese counterpart, the shared currency was
little changed at 135.56 yen, after rising 0.2 percent at the end of
last week.
The
premium on one-week contracts to sell the euro versus the dollar, over
those to buy, touched 1.65 percentage points, the most since Jan. 19,
according to 25-delta risk-reversal data compiled by Bloomberg.
Source : Bloomberg
0 komentar :
Post a Comment