Money in Motion

Greeks Are Austere and Euro Investors Are Happy

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. []

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


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