The euro was unchanged against the U.S. dollar on Wednesday, as optimism
that an agreement on a delayed bailout payment for Greece is close. The euro
fell against the greenback earlier after talks between euro zone finance
ministers and the International Monetary Fund concluded on Tuesday without
reaching a deal on unlocking Greece’s bailout package, amid disagreements on how
best to reduce the country’s debt to sustainable levels. Jean-Claude Juncker
said that a deal was close, but he didn’t know when Athens would receive its
next aid installment. The talks are set to continue next Monday. The pair showed
reaction after the US Department of Labor announced the number of individuals
filing for initial jobless benefits last week declined to a seasonally adjusted
410,000, in line with expectations. Jobless claims for the preceding week were
revised up to 451,000 from a previously reported 439,000. Volumes are falling
lower due to US Thanksgiving holiday on Thursday.
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