U.S. dollar declines against euro amid Greece bailout

The U.S. dollar fell against the euro on Wednesday as investors were assessing a new bailout deal for Greece.

Finance ministers of the 19-country eurozone have hammered out a deal in Brussels with Greece early Wednesday after an 11-hour-meeting to which is described as a "major breakthrough" to start debt relief and unlock over 10 billion euros bailout cash for Greece.

Greece needs the bailout desperately to repay billions of euros in loans to the European Central Bank and the International Monetary Fund in June and July.

Analysts said Greece's debt relief was perceived as a positive for the euro. The shared currency rose nearly 0.2 percent against the greenback during the session on Wednesday.

The dollar index, which measures the greenback against six major peers, was down 0.19 percent at 95.391 in late trading.

In late New York trading, the euro rose to 1.1163 dollars from 1.1148 dollars of the previous session, and the British pound increased to 1.4715 dollars from 1.4635 dollars. The Australian dollar went up to 0.7201 dollars from 0.7176 dollars.

The dollar bought 110.14 Japanese yen, higher than 110.00 yen of the previous session. The dollar fell to 0.9905 Swiss francs from 0.9928 Swiss francs, and it inched down to 1.3042 Canadian dollars from 1.3146 Canadian dollars. Endit