The euro rose against the U.S. dollar on Tuesday amid optimism after the European Central Bank and the International Monetary Fund confirmed they received their debt installments.
The EUR/USD is currently trading around 1.0851 after recording a high of 1.0861 and a low of 1.0799.
Greece repaid a total of 6.25 billion euros to both ECB and the IMF on Monday, where they both confirmed they had their payment.
“I can confirm that Greece today repaid the totality of its arrears to the IMF, equivalent to $1.6 billion. Greece is therefore no longer in arrears to the IMF,” said Gerry Rice, director of communications at the IMF on Monday.
Greece used a bridge loan worth 7 billion euros granted from the EU last week to repay its dent.
In addition, Greek banks reopened on Monday, after three weeks of closure, taking advantage of the rise in the ECB’s ceiling to Greek lenders by 900 million euros last week.
Talks about Greece’s third bailout worth 86 billion euros will resume this week after the approval of eurozone Parliaments the previous week.