Euro rises vs. Dollar ahead of Greek Referendum

Big 5

The euro EURUSD, +0.2616% inched modestly higher against the dollar Friday, ahead of Sunday’s bailout referendum in Greece.

The euro was buying $1.1105 on $1.1086 late Thursday in New York. Momentum appeared to be tilting toward a “yes” vote on the referendum on the bailout proposal from Greece’s creditors, although the result from a poll for newspaper Ethnos lies within the margin of error and suggests a tight result. Greek Prime Minister Alexis Tsipras is urging a “no” vote. The U.S. dollar index DXY, -0.11% was 0.1% lower at 96.003.

Source: MarketWatch

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