Greek Vote Becoming Much Ado About Nothing Special for Euro
Euro Will Get Worse Before It Gets Better: Gallo
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The Greek vote is turning out to be much ado about nothing for the euro.
While Europe’s currency slid, it only reached a one-week low. Price moves have been “muted,” according to Standard Chartered Plc. Investors expected a bigger decline, said Mizuho Bank Ltd. in Tokyo. The vote won’t have a long-term impact on financial markets, according to SMBC Nikko Securities Inc.