The euro rebounded after a report that showed private investors with 58 percent Greek debt holding agreed to participate in the swap deal, spurring more sentiments that were already fueled by better-than-forecasted jobs creation in the U.S according to a private report released this morning.
Risk seekers took the chance after private investors with 58 percent of the Greek bonds are said to approve to participate in the biggest sovereign restructuring in history, driving the debt-stricken nation closer to avoiding a chaotic default.
At least 120 billion euros ($157 billion) of Greece's privately held bond are ready to be written down, as Greece's largest banks, a bunch of the nation's pension funds, and at least 30 European banks gave the final yes to accept the offer.
Moving to the world's leading economy, the Roseland, New Jersey-based ADP Employers Services reported earlier today that U.S companies added 216 thousand to payrolls in February, from a revised 173 thousand in January. Economists expected a 215 thousand increase in payrolls.
Job creation optimism managed to lift the stocks from its lowest level in years, while the dollar was supported a bit, then shunned later on with a Wall Street Report of the Fed to consider a new bond-buying approach to cool inflation worries should it act to spur the economy in the upcoming period.
Meanwhile, the Greenback slipped against 6 of its most-traded peers, sending the index which track the dollar's performance versus a basket of currencies including the euro, the pound and the yen, down from the opening level of 79.84 after scoring a low 79.54 then a high of 79.91 to currently trade around 79.70.
The 17-nation common currency rose against its U.S counterpart, as the EUR/USD pair steadied around $1.3146 after recording double high of $1.3163 since it started the day at $1.3110 rebounding from a low of $1.3094.
The pound rose as well against the Greenback, driving the GDP/USD pair to trade around $1.5737, slightly up from the opening level of $1.5711, and recording the highest for the day at $1.5758 and lowest at $1.5695.
News about Fed's new bond-buying approach helped the Greenback rally against the Japanese Yen, where the USD/JPY to 81.14 Yen from the opening level of 80.87 yen, recording its highest level at 80.21 yen and lowest at 80.56 yen.