Greeks Are Austere and Euro Investors Are Happy

Thursday, 30 Jun 2011 | 9:15 AM ET

Greece bites the bullet and currency investors get busy. Time for your Thursday FX Fix.

The new Greek budget lifted the euro, and month-end demand is helping too. [CNBC]

The dollar sank after the Greek voteto a three-week low against the euro. [Reuters]

Risk-on trades were back in fashion after the vote, and Latin American currencies are up.[Reuters]

Elsewhere, the Australian and New Zealand dollars are up on continued economic growth in China and India. [fxstreet.com]

Dim prospects for interest-rate hikes and faltering consumer confidence are hurting the British pound. [dailyfx.com]


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