The Australian dollar edged higher on Tuesday despite guarded trade as Greece is on the verge of debt default and possible eurozone exit.
European leaders urged Greeks to support the bailout proposals in the referendum Sunday. But Prime Minister Alexis Tsipras warned to reject austerity or he would leave the office to oversee more reductions.
The Aussie stood at 68.56 euro cents from Monday’s 69.04 euro cents, and 76.75 US cents from 76.59 US cents.
Participation in the currency market dropped as traders were expecting more news on Greece and the referendum “on the most recent round of bailout proposals,” said Ray Attrill, Global Co-head of FX Strategy at NAB.
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar edged higher on Tuesday despite guarded trade as Greece is on the verge of debt default and possible eurozone exit.
European leaders urged Greeks to support the bailout proposals in the referendum Sunday. But Prime Minister Alexis Tsipras warned to reject austerity or he would leave the office to oversee more reductions.
The Aussie stood at 68.56 euro cents from Monday’s 69.04 euro cents, and 76.75 US cents from 76.59 US cents.
Participation in the currency market dropped as traders were expecting more news on Greece and the referendum “on the most recent round of bailout proposals,” said Ray Attrill, Global Co-head of FX Strategy at NAB.
The material has been provided by InstaForex Company – www.instaforex.com
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