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সোমবার, ৬ জুন, ২০১১

Dollar steady as euro slips amid caution on Greece deal

 The U.S. dollar was steady against its major counterparts on Monday, while the euro slipped amid concerns that new bailout terms for Greece may not be enough to help the country avoid an eventual restructuring of its debt.

During early U.S. trade, the greenback was slightly higher against the euro, with EUR/USD sliding 0.18% to hit 1.4608.

European Central Bank governing council member Christian Noyer warned earlier that countries who have agreed assistance programs have to stick to them, saying, "solutions akin to debt restructuring are not an option”.

The greenback was also higher against the pound, with GBP/USD shedding 0.30% to hit 1.6375.

Earlier in the day, the International Monetary Fund backed the U.K. government's plans to reduce the budget deficit, but said more quantitative easing may be needed if growth remained weak.

Meanwhile, the greenback was down against the yen but up against the Swiss franc, with USD/JPY slipping 0.13% to hit 80.16 and USD/CHF rising 0.31% to hit 0.8363.

Elsewhere, the greenback was higher against its Canadian counterpart but lower against its Australian and New Zealand cousins, with USD/CAD easing up 0.08% to hit 0.9785, AUD/USD rising 0.13% to hit 1.0729 and NZD/USD inching up 0.05% to hit 0.8162.

Official data showed earlier that the value of building permits issued in Canada in April unexpectedly plummeted, while a separate report showed that the Ivey PMI rose more-than-expected last month.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07%.

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