US dollar turns in advances on deadlock in Greek talks



The US dollar stabilized on Thursday as debt talks seeking to avert a Greek debt default reached a bump, with the market seemed to shift back to likelihoods of higher interest rates from Greece. The greenback stood at $1.1204 per euro from Tuesday's $1.1135. Against the Japanese yen, the dollar hit ¥123.88 from ¥124.38 earlier. EUR/USD responded less, unlike USD/JPY on underlying positivity an agreement will be closed as it remains intact “amid pessimism over the talks breaking down,” said Junichi Ishikawa, Market Analyst at IG Securities. Meanwhile, European leaders are scheduled to meet in Brussels Thursday.

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