EUR/USD Drops to Near 1.09 after Greece Vote

The euro edged lower on Thursday after Greece’s parliament approved the austerity plan demanded by its lenders, while the U.S. dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year.

The single currency initially inched a few ticks higher on the Greek news, before dropping about 0.1 percent on the day to $1.10945. It was nearly flat against the yen at 135.54 yen.

The outcome in Athens clears the way for talks on a third bailout from European partners, but clouds the future of Greek Prime Minister Alexis Tsipras’ government following a split in his party ranks.