1. Global financial markets rallied on Friday on hopes that last-minute concessions by Greek Prime Minister Alexis Tsipras would clinch a deal with the country's international creditors and save it from bankruptcy.
Stock markets across Europe and Asia rose more than 1 percent, the euro gained and low-rated euro zone bond yields retreated, after a volatile week that saw Greece's banks remain shut following a referendum vote that rejected previous bailout terms and raised chances of a "Grexit" from the euro.
2. The dollar pushed lower against a basket of other major currencies on Friday, as mounting hopes for progress in Greece debt negotiations boosted demand for riskier assets.
EUR/USD rallied 1.40% to 1.1191 after the Eurogroup described Greece's latest reform proposals aimed at securing a vital third bailout as "thorough".
Eurogroup President Jeroen Dijsselbloem said a "major decision... whichever way" could now be made at a euro zone finance meeting on Saturday.
3. Wall Street was set to open sharply higher on Friday on hopes that Greece might be able secure fresh funding and after China's premier said the country's economic growth was stabilizing.
Greek Prime Minister Alexis Tsipras appealed to his party's lawmakers to back a tough reform package that won praise from France, which called the new proposals "serious and credible."
4. The U.S. dollar edged higher against its Canadian counterpart on Friday, but gains were expected to remain limited as positive jobs data from Canada supported the local currency and as growing hopes for a deal between Greece and its creditors boosted risk appetite.
USD/CAD hit 1.2666 during early U.S. trade, the pair's lowest since July 7; the pair subsequently consolidated at 1.2728, adding 0.16%.
The pair was likely to find support at 1.2562, the low of July 6 and resistance at 1.2743, Thursday's high.
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