The euro slumped and Asian markets lost ground on Monday, after the majority of Greeks voted against austerity. However, the European currency bounced back on news Greek Financial Minister Yanis Varoufakis is resigning. As of 5:10 GMT, the euro was trading at $1.1012 down from Friday’s $1.1114. However, the news that Varoufakis is leaving his post made the euro gather momentum, trading at $1.1069 at 5:55 GMT. All in all, the currency has lost half a percent on Monday against the US dollar by the time of the publication.
INC News, 06/07/2015 - via RT
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