The US dollar gained against most of its major counterparts as the concerns about the outcome of Greece’s vote for the bailout. The hopes for Greece among some investors allowed the euro to bounce after the decline.
The European Union leaders approved the â¬78 billion package for Greece, but now the Greek parliament should accept the measures necessary to get the loan. Many investors don’t believe that the austerity will pass the vote and such outlook drives them to the safety of the greenback. Yet other traders hope for the better and currencies fluctuate as one or another sentiment gets upper hand.
EUR/USD climbed from 1.4191 to 1.4238 as of 14:14 GMT today after it dropped to 1.4101 earlier. USD/JPY climbed from 80.30 to 80.89.
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