Bloomberg News

Euro Gains Against Yen, Dollar as Ministers Reach Greek Deal

February 20, 2012

Feb. 21 (Bloomberg) -- The euro climbed to a three-month high against the yen and reversed losses against the U.S. dollar as euro-area finance ministers were said to have reached agreement on a second bailout package for Greece.

The 17-nation currency rose as much as 0.5 percent to 105.95 yen, the strongest since Nov. 14. The euro climbed 0.4 percent to $1.3291, the most since Feb. 9, after earlier losing as much as 0.4 percent.

--Editor: Rocky Swift

To contact the reporter on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net


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