The U.S. dollar fell against major currencies Monday as euro rebounded after Greek parliament approved austerity measures.
The Greek parliament on early Monday voted to pass the austerity measures that was necessary for the country to receive the second bailout from international organizations. Greece has a 14.5 billion euro bond repayment due in March and needs the bailout funds to avoid default.
It is widely expected that the European Union finance ministers will approve the release of the bailout fund in a meeting on Wednesday. The expectation helped to ease investors’ concerns about the Greek debt problems and lifted the euro.
With no major economic reports due out on Monday, the dollar remained weak as risk-aversion faded in market. The dollar index lost 0.16 percent to 78.99 on Monday.