Greece ‘No’ Vote to Spark Haven Rush as Euro Slips With Aussie
From bloomberg.com
The first shock waves from Greek voters’ rejection of austerity were felt in the currency markets, with the euro down against major peers and Australia’s dollar sliding to a six-year low. Analysts are tipping a flight to safety, with Treasuries and German bunds to benefit. The euro lost 1 percent to $1.1002 by 6:09 a.m. Sydney time, touching its weakest level since June 29. The currency slipped 1.7 percent against the yen and 0.9 percent versus the pound. The Aussie fell as much as 0.9 percent to 74.52 U.S. cents, the first time it’s broken 75 cents since 2009, as the referendum result dimmed the appeal of ...
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