Euro depreciated after the failed vote in Greece

The dollar rose to two-year highs against the euro after the vote in Greece. The greenback continued to appreciate against most world currencies before today’s report, which will show the level of consumer confidence in the US “The pair EURUSD will fall below $ 1.20 at the beginning of the year” according to MUFG Union Bank NA. The dollar rose 0.1% against the euro. The US currency rose for the first time since 1989 against the 31 world currencies in 2014, which was provoked by the European Central Bank and by the Bank of Japan, which announced it would continue the policies of incentives to stabilize the economy and rising inflation.

The decline of the Euro today was provoked by failed presidential vote in Greece, where it will lead to early parliamentary elections. According to analysts, this will reduce the confidence of investors, not only in the country but also across Europe. In addition to the devaluation of the euro is set by the ECB for additional quantitative easing by buying government bonds.

“Next year will see the level of the yen against the dollar of 130 yen to the dollar” announced by Bank of Australia. The yen rose today against the euro to 146.25 yen per euro. Against the US dollar, however, the yen fell 0.1 percent to 120.50 yen.

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