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%||3.88%|
|15 yr fixed||3.20%||3.23%|
|30 yr refi||3.82%||3.93%|
|15 yr refi||3.20%||3.23%|
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