The euro touched it’s highest versus the greenback in last 2 weeks on positive development for Greece’s debt situation. The Greek parliament has approved the bailout package of 78 billion euros equivalent to $112.2 billion for its austerity measures. The single currency gained to 1.4431 against the US dollar on Wednesday as compared to 1.4366 on Tuesday’s North American trading session. The euro touched the day’s high of 1.4448 yesterday. The euro has recovered almost 1.6 percent versus the US dollar in this week.

Senior currency strategist, Michael Woolfolk from Bank of New York Mellon commented, “Some profit-taking was to be expected given how broadly anticipated the ‘yes’ vote was,” he further added, “without popular support for these austerity measures or any indication of how Greece will pay for these measures in the long-term, it is unlikely that this vote reflects an important outcome -— let alone a final outcome.”

The euro also surged 0.02 percent against the Japanese Yen to 116.71 while it gained 08 percent versus the Swiss franc. Against the British Pound, the single currency gained 0.20 percent on Wednesday.

The dollar index DXY which measures the US dollar’s performance against its major six rival currencies plunged to 74.682 on Wednesday as compared to 75.059 on Tuesday’s late trading hours. The US dollar remained under pressures versus the other currencies too as the Pound Sterling surged to 1.6061 against the greenback as compared to 1.5945 on Tuesday’s late trading hours.

The US dollar also declined versus the Japanese Yen to 80.89 on Wednesday as compared to 81.14 on late Tuesday.