The optimism helped the improving situation of the Greek crisis continued euro rose for two consecutive days against the dollar trading session on Friday (17 / 6) ago. The hope that Greece will survive without sticking merestruksturisasi debt along with the indications of softening of the attitude of Germany.

As is known, the Germans before arguing with the European Central Bank (ECB) about how the role of the bondholders in terms of helping Greece.

ECB's willingness to support the French expect the creditors to rollover the bond that had matured. With a rollover, the payment is derived from the old bonds are reinvested in new bonds. This will provide additional time for Greece to show the results or the savings program until a permanent relief fund disbursed in mid-2013.

On the other hand, the Germans insisted that the creditors must share the burden of funding the Greeks, especially by extending the maturity of Greek bonds. However, after holding talks with French President Nicolas Sarkozy, German Chancellor Angela Merkel signaled support for the rollover option.

However, so far everything is still floating, there is no concrete solution for Greece. European Union finance ministers were meeting on Sunday and Monday to continue negotiations about the structure of the aid package for Greece. Followed the agenda of a meeting of EU leaders next June 23-24. Meanwhile, from within their own country, in the near Greek parliament will hold a vote of no confidence for the new government.

Last Friday, lost the support of the program savings (austerity measures) to force Prime Minister of Greece George Papandreou restructure the cabinet. Some of the post formerly occupied by his political allies are not popular, given to those who had been known as rivals or vocally opposed. Included among them is the important position given to the finance minister Evangelos Venizelos, Papandreou opponent in the election year the party chairman four years ago.

The move was taken as an attempt to pass the program budget cuts required under the bailout package. Papandreou austerity programs have sparked protests led to riots and mass strike as a form of rejection of the program being assessed only please the creditors.

Although the solution is really telling is not reached, the development of valued positively in the past week and was enough to help the euro continues to strengthen. Rose to 1.4335 against the dollar, euro and then closed at 1.4302 in late trading session Friday, rose about 0.6 percent from opening levels.

The dollar itself is also depressed by weak U.S. economic data. Last Friday, data showing the actual figures U.S. consumer confidence index in May is lower than expected. Consumers are the main pillars of the U.S. economy. Consumer spending accounts for about 70 percent of the U.S. economy.

Against the yen, the dollar ended down nearly 0.8 percent in the range of 80.01. Versus the pound, the dollar weakened thin, less than 0.1 percent, is traded in the range of 1.6182 at the end of the session. While against the Australian dollar, the dollar ended down about 0.5 percent at 1.0619.