Euro, oil rally on Greek deal; stocks flat
From reuters.com
The euro hit a two-month high against the dollar on Thursday after Greek policymakers agreed to an austerity package, but U.S. stocks paused from their recent ascent as investors wondered whether the Greek deal will be enough to avoid a messy default. News that Greek leaders had clinched a long-stalled deal just hours before a key meeting with the country's financial backers encouraged investors to take on some risk, driving prices of safe-haven U.S. Treasuries down. Oil prices rallied more than 1 percent on the agreement, which is crucial to secure a 130 billion euro ($172 billion) bailout for Greece. Still, details ...
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