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 |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
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| Treasuries | 1.74 | -0.01 | -0.80% |
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