BR100 Increased By (0.36%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.22%)
KSE30 Increased By (0.37%)
AGHA 6.68 Increased By ▲ 0.01 (0.15%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 57.32 Increased By ▲ 0.88 (1.56%)
BOP 30.35 Increased By ▲ 0.01 (0.03%)
CNERGY 13.12 Increased By ▲ 0.03 (0.23%)
CSIL 5.41 Increased By ▲ 0.05 (0.93%)
FCCL 52.79 Increased By ▲ 0.41 (0.78%)
FFL 14.72 Decreased By ▼ -0.02 (-0.14%)
FNEL 1.12 No Change ▼ 0.00 (0%)
KEL 6.09 No Change ▼ 0.00 (0%)
KOSM 5.73 Increased By ▲ 0.77 (15.52%)
LOTCHEM 26.46 Decreased By ▼ -0.89 (-3.25%)
MLCF 93.16 Increased By ▲ 0.41 (0.44%)
NBP 164.66 Decreased By ▼ -0.32 (-0.19%)
NCPL 55.66 Increased By ▲ 0.02 (0.04%)
NPL 61.16 Decreased By ▼ -0.10 (-0.16%)
OGDC 316.73 Decreased By ▼ -1.03 (-0.32%)
PACE 9.87 Decreased By ▼ -0.06 (-0.6%)
PAEL 35.63 Increased By ▲ 0.13 (0.37%)
PIBTL 14.68 Increased By ▲ 0.11 (0.75%)
PPL 226.91 Decreased By ▼ -0.88 (-0.39%)
PRL 93.02 Increased By ▲ 0.45 (0.49%)
PTC 60.26 Decreased By ▼ -0.37 (-0.61%)
SSGC 23.81 Increased By ▲ 0.01 (0.04%)
TBL 8.75 Increased By ▲ 0.07 (0.81%)
TELE 7.80 Increased By ▲ 0.02 (0.26%)
TPL 22.35 Increased By ▲ 0.12 (0.54%)
TPLP 12.97 Increased By ▲ 0.30 (2.37%)
TREET 22.16 Decreased By ▼ -0.38 (-1.69%)
TRG 56.56 Decreased By ▼ -1.24 (-2.15%)
Markets

Euro ticks higher ahead of Greek debt referendum

Published Updated

imageTOKYO: The euro ticked higher in Asia on Thursday as an upbeat US jobs report boosted sentiment while investors look to this weekend's referendum on Greece's bailout.

The single currency bought $1.1072 and 136.59 yen in Tokyo trade, up from $1.1053 and 136.12 yen in New York late Wednesday.

The dollar was at 123.37 yen against 123.15 yen and well up from the 122.48 yen in Tokyo earlier Wednesday.

A gauge of US manufacturing activity for June came in Wednesday at its highest level in five months, while a survey of private job creation marked its strongest reading this year.

Investors are now turning their focus to non-farm payrolls later Thursday, which is expected to supply more evidence that the world's top economy is gaining strength.

"It is hard to take positions ahead of the release of US unemployment figures, which are expected to show positive results," said Nomura Securities currency analyst Shinya Harui.

"The Greek referendum this weekend is another factor...Players first want to confirm the vote results, which may trigger further instability in the market," he added.

Greece goes to the polls Sunday to decide where or not to accept creditors' austerity-heavy bailout reform proposals, which European leaders have cast as an in/out vote on the country's future in the eurozone.

However, while creditors dismissed an offer from Greece for a new bailout -- which had been presented just before it defaulted -- traders are confident the crisis will eventually be resolved.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed for this article.