The euro profited today after Greece announced several measures to tighten its massive budget deficit, allowing the confidence towards the Eurozone and making the euro to rank among the best performers in currency markets today.

The European single currency continued to advance versus the U.S. dollar as the Greek government said it will raise taxes, and cut spending to tighten its budget deficits, allowing the market sentiment towards assets in the country and in the Euroland to improve considerably, as the future seems less negative today.

EUR/USD traded at 1.3715 as of 17:50 GMT from a previous intraday rate of 1.3607.

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