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The euro rose against the dollar after it was reported that Greece will receive its next tranche of financial aid is December 5. The decision was taken today at a meeting of eurozone finance, which was held in Paris, and whose purpose was to develop a common position on salvation. Note also that the ministers will meet tomorrow in Brussels, where they will give a preliminary approval for the allocation of 44 billion euros ($ 56 billion).
The dollar fell against all 16 major counterparts as speculation that U.S. lawmakers will reach an agreement on the budget of the country and to prevent the so-called "financial failure" caused a decline in demand for safe assets.
Canadian and Australian dollars rose against the U.S. dollar, as the International Monetary Fund said it is considering to include the Australian and Canadian dollar in the official report on foreign currency reserves.
The dollar index, which is used to track the value of the dollar against the currencies of six U.S. partner, fell by 0.5% to 80.870 after reaching 81.455 on November 16, which is the highest since September 5. Also, the dollar's decline was due to the withdrawing of data, which showed that sales in the secondary market rose in October, indicating that the success of the real estate market is currently supported by cheap borrowing costs.
Japan's currency fell against all but three of the major currencies, after Kyodo News reported that the LDPR leader Shinzo Abe to choose the head of the Bank of Japan who advocate of the inflation target. Note that the Bank of Japan ended its two-day meeting tomorrow.
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