Dollar sinks as Greek bailout sends euro higher .

The dollar slid against the euro on Friday as Greece requested a 35-billion-euro loan from the European Union and International Monetary Fund.
In New York trade the single European currency was up around a cent against the dollar, trading at 1.3384 dollars at 2230 GMT, up from 1.3289 on Thursday.
The dollar was up against the Japanese currency at 93.97 yen from 93.46 yen on Thursday.
The European single currency rose after Athens asked the European Union and International Monetary Fund to activate a debt rescue package worth about 60 billion dollars of loans in the first year.
"Markets globally are breathing a collective sigh of relief as Greece moves closer to collecting its promised emergency aid package," said Kathy Lien of Global Forex Trading.
The move ended months of uncertainty over how Greece would resolve its problems and a positive market response survived despite serious reservations about how the accord will be implemented and whether other weaker eurozone states will now be in the firing line, dealers said.
"Contagion is now the word that the markets fear," said CMC Markets analyst Michael Hewson, referring to concerns that countries such as Spain, Portugal and Ireland, all with similar debt problems, could come under pressure in the markets.
In late New York trading, the pound fell to 1.5377 dollars from 1.5389 dollars a day before.
The dollar was down slightly against the Swiss franc, to 1.0731, from 1.0783 on Thursday.