KPF Jogja – The euro strengthened for a fourth day on speculation that Greece won’t default on payments to the International Monetary Fund this week.
The common currency gained against most of its 16 major peers after Greece’s Alternate Finance Minister Dimitris Mardas said on Saturday the country will make the payment of about 450 million euros ($494 million) due on April 9 to the IMF. An index of the greenback against major peers held a three-day decline after a report Friday showed American employers added fewer workers in March than in any other month since December 2013, muddying a bright spot in the U.S. recovery.
The euro rose 0.1 percent to $1.0981 as of 12:10 p.m. in Tokyo from Friday. The 19-nation currency advanced 0.2 percent to 130.75 yen. Japan’s currency fell 0.1 percent to 119.07 against the dollar.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 major peers, was little changed at 1,182.38.
Source : Bloomberg