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Euro ticks higher ahead of Greek debt referendum

12:50 PM | 2 Jul, 2015
Euro ticks higher ahead of Greek debt referendum

TOKYO (APP) - The euro ticked higher in Asia on Thursday as an upbeat US jobs report boosted sentiment while investors look to this weekend's referendum on Greece's bailout.

The single currency bought $1.1072 and 136.59 yen in Tokyo trade, up from $1.1053 and 136.12 yen in New York late Wednesday.

The dollar was at 123.37 yen against 123.15 yen and well up from the 122.48 yen in Tokyo earlier Wednesday.

A gauge of US manufacturing activity for June came in Wednesday at its highest level in five months, while a survey of private job creation marked its strongest reading this year.

Investors are now turning their focus to non-farm payrolls later Thursday, which is expected to supply more evidence that the world's top economy is gaining strength.

"It is hard to take positions ahead of the release of US unemployment figures, which are expected to show positive results," said Nomura Securities currency analyst Shinya Harui.

"The Greek referendum this weekend is another factor...Players first want to confirm the vote results, which may trigger further instability in the market," he added.

Greece goes to the polls Sunday to decide where or not to accept creditors' austerity-heavy bailout reform proposals, which European leaders have cast as an in/out vote on the country's future in the eurozone.

However, while creditors dismissed an offer from Greece for a new bailout -- which had been presented just before it defaulted -- traders are confident the crisis will eventually be resolved.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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