US dollar surrenders recent gains
The US dollar is surrendering its recent gains against most major and emerging market currencies Friday amid reports that new substantial Greek savings of 24 billion euros will be sufficient to spur a larger 100 billion to 200 billion euro aid package that could be ready in days.
The US dollar extended its gains against the euro in late-morning trading Monday, with early losses in US stocks helping push the common currency below the $1.3700 mark against the greenback.