New York: The euro was dropping against the dollar Sunday after early results of the Greece bailout referendum suggested the country rejected fresh austerity demands from EU-IMF creditors.
One euro was worth $1.0987 at 1915 GMT, down 1.20 per cent from Friday night, in electronic trading before Asian markets opened.
Earlier in the day, the euro had fallen to 1.0963 dollar, with about 50 per cent of votes counted in the Greek bailout vote.
The early official results showed that more than 61 per cent of Greeks had voted 'No' to creditor demands for further austerity in return for a bailout.
A failure to reach a deal with the creditors could trigger a Greek exit from the eurozone, and after the ballot, Greece's government said it would step up efforts to reach a bailout agreement with creditors.
"The initiatives will intensify from this evening (Sunday) onward so that there can be a deal," government spokesman Gabriel Sakellaridis said on Greek television.
One euro was worth $1.0987 at 1915 GMT, down 1.20 per cent from Friday night, in electronic trading before Asian markets opened.
Earlier in the day, the euro had fallen to 1.0963 dollar, with about 50 per cent of votes counted in the Greek bailout vote.
A failure to reach a deal with the creditors could trigger a Greek exit from the eurozone, and after the ballot, Greece's government said it would step up efforts to reach a bailout agreement with creditors.
Advertisement
COMMENTS
Advertisement
Pashmina Roshan's Greece Holidays Summed Up With "A Pinch Of Salt, Lime And..." Body Found Inside Burned-Out Athens Factory As Wildfire Continues To Spread Thousands Flee Their Homes After Wildfires Bear Down On Greek Capital The Questions CBI Asked Kolkata Hospital Ex-Head About Doctor's Rape-Murder Student Arrested For Controversial Post On Mamata Banerjee Malala Yousafzai's Post On Taliban After Attending Taylor Swift Concert Explained: Blueprint To Upgrade Industrial Training Institutes Kareena And Saif Make For A Stylish Pairing In Formal Chic And Desi Looks "Illegal...": Siddaramaiah Slams Governor's 'Prosecute' Nod In Land Scam Row Track Latest News Live on NDTV.com and get news updates from India and around the world.