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Currency strategists push safe-haven plays
Greece’s eurozone membership is hanging by a thread, and the currency market couldn’t care less. After a knee-jerk move lower, the euro EURUSD, -0.5938% recovered most of its losses from earlier in Monday’s session. The shared currency has held its ground, even as Greece has drawn closer to a default. On Sunday, Greeks voted to reject a bailout proposal from the country’s international creditors, a move that most economists say puts it dangerously close to an exit from the eurozone. Although the foreign-exchange market has been relatively placid lately, one never knows when volatility will come roaring back. ... (full story)