NEW YORK (CNNMoney.com) -- The dollar fell against the euro Friday after Greece's prime minister requested aid from the European Union and the International Monetary Fund, easing investors' fears of a default.
What prices are doing: The dollar slipped 0.6% against the euro to $1.3370. It was flat against the pound at $1.5374 and rose 0.5% against the yen to ¥93.96.
The dollar had been climbing against the euro earlier in the week as investors remained nervous about Greece's default risk and flocked to the greenback for its safe-haven appeal.
What's moving the market: Default worries faded and prompted investors to turn to riskier assets Friday after Greek prime minister George Papandreou asked for an emergency aid package for the debt-challenged country.
European finance leaders and the IMF have pledged about $53 billion as a solution.
The prime minister's request followed Moody's downgrade in Greece's credit rating Thursday and the EU's announcement that the country's 2009 deficit may total more than originally expected.
Overnight Avg Rate | Latest | Change | Last Week |
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30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Index | Last | Change | % Change |
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Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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