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29 Dec 2014
EUR/USD little changed after Greek govt fails to secure majority
FXStreet (Córdoba) - EUR/USD remained steady around 1.2200 following the result of the third and decisive Greek vote, where the government failed to secure majority, leading to snap elections in the Hellenic country.
Prime Minister Antonis Samaras’ nominee Stavros Dimas only obtained 168 votes (180 needed) the same that in the previous round. Samaras should call for elections in 30 days, with markets worried it could give power to left party Syriza, long opposed to international bailout and austerity measures that come with it.
Even though the euro was little changed, Greek 10-year bond yields rose above 9%, while the nation’s equity index tumbled more than 10%. EUR/USD is currently trading at 1.2195, still up 0.15% on the day, having hit a daily high of 1.2220 just before the vote outcome.
Prime Minister Antonis Samaras’ nominee Stavros Dimas only obtained 168 votes (180 needed) the same that in the previous round. Samaras should call for elections in 30 days, with markets worried it could give power to left party Syriza, long opposed to international bailout and austerity measures that come with it.
Even though the euro was little changed, Greek 10-year bond yields rose above 9%, while the nation’s equity index tumbled more than 10%. EUR/USD is currently trading at 1.2195, still up 0.15% on the day, having hit a daily high of 1.2220 just before the vote outcome.