European finance ministers agreed to ease the terms on emergency aid for Greece. The country was given more time to repay and engineered a Greek bond buyback. The country is cleared to receive 34.4 billion-euro loan ($44.7 billion). Consequently agreement on Greece’s debt may give the euro a new bullish momentum. It can be proved as the single currency broke 1.30 on Monday.
In this context, the rest of the Forex market has not shown any significant developments. The pound is rising at the moment but the rise is moderate. The GBPUSD pair is trading at the level of 1.6039.
Meanwhile, the Australian dollar has a strong uptrend over the European currencies, but is losing strength in Tuesday's session. The break of 1.0455 could mean the beginning of a short-term bearish movement.
The Japanese currency was 0.1% weaker at 82.14 yen per dollar.

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