1st LD Writethru: U.S. dollar gains against major currencies
Xinhua, February 12, 2015 Adjust font size:
The U.S. dollar gained against other currencies Wednesday as investors awaited the outcome of Greece debt talks.
Greek Finance Minister Yanis Varoufakis and eurozone finance ministers met Wednesday to continue negotiations over the nation's debt crisis.
Yanis Varoufakis is expected to request a bridge agreement to cover the country's funding needs until autumn while the government is negotiating a final agreement with creditors on further debt relief.
German Chancellor Angela Merkel said Monday that Berlin wants Greece to stay in the eurozone, but agreement should be based on existing bailout commitments.
On the economic front, U.S. weekly mortgage applications, a measure of mortgage loan application volume, were down 9 percent on a seasonally adjusted basis, the Mortgage Bankers Association said Wednesday.
In late New York trading, the euro lost to 1.1297 dollars from 1.1315 dollars of the previous session, and the British pound decreased to 1.5245 dollars from 1.5251 dollars. The Australian dollar went down to 0.7708 dollar from 0.7767 dollar. The dollar bought 120.29 Japanese yen, higher than 119.44 yen of the previous session. The greenback moved up to 0.9282 Swiss francs from 0.9266 Swiss franc, and moved up to 1.2657 Canadian dollars from 1.2598 Canadian dollars. Endite