Dollar rose against the euro and yen on growth in US manufacturing and doubts about Greece’s ability to honor a pledge for drastic wage cuts in return for an aid package. Dan Cook, a senior market analyst at IG Markets Inc, in Chicago said: "Over the past months, whenever there was an indication that a bailout agreement had been reached, the euro was seen rallying. This time though, that was definitely not the case. Investors were subject to a bit of ‘sticker shock’ when the 110 billion euro price tag was revealed. That hefty sum also carries with it some strict conditions that many question whether Greece will be able to comply with."
The euro fell 0.7 percent to $1.3195. The dollar rose to 94.80 yen. The Australian dollar rose 0.2 percent to $0.9264.