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BS: Dollar rises against euro on Greek fears
 
The dollar is rising against the euro on fears that Greece won't be able to avoid a default.

Greek leaders approved cost-cutting measures on Sunday that are needed in order for the country to receive a $170 billion bailout. But European finance ministers said the cuts are not enough and will not hand over the bailout money until further cuts are made.

Without the money, Greece could default on its debt next month. A default would cause losses for European banks, disrupt financial markets and hurt other countries that use the euro.

The euro is down to $1.3083 in midday trading from $1.3095 late Tuesday.

The dollar is mixed against other currencies. It is falling against the British pound and Japanese yen, but is rising against the Swiss franc.

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