Euro pares gains vs dollar as Greek vote underway

NEW YORK : The euro briefly pared gains against the dollar on Wednesday as the Greek parliamentary vote on proposed aust
29 Jun, 2011

The euro was last at $1.4410, up 0.3 percent on the day, but off the session peak of $1.4447, according to Reuters data. The session low posted at $1.4325.

"We should get a euro relief rally if (the vote) passes, as the sell-off just now reflects just how nervous people are that it might not pass," said Kathy Lien, director of research at GFT Forex. "Expect a lot of volatility and position adjusting in the meantime."

 

Copyright Reuters, 2011

 

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