EUR/USD Drops to 1.1050 on Greek ‘No’ Vote

The euro fell sharply on Monday, while the safe-haven Japanese yen rallied after Greeks voted to reject terms of a bailout, setting the country on course to financial ruin that could splinter Europe if creditors refuse further aid.

The common currency slid to a six-week low of 133.700 yen, from 136.185 late on Friday. It has since halved those losses in volatile trade to stand at 134.785.

Versus the greenback, the euro came within a whisker of a one-month trough of $1.0955 set a week ago. It fell as far as $1.0969, before recovering a bit of ground to $1.1009.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.