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    Euro rate to US dollar declines

    Report: Up to the end of this year, Euro is expected to strengthen

    Baku. 6 July. REPORT.AZ/ As a result of yesterday's vote of the majority of residents in a referendum for Greek exit from the Eurozone, today in the Asian currency markets, Euro began to sell at low prices.

    On Friday, July 3 the last operation took place with the rate of 1.1111 USD/Euro exchange rate, and now down to 1.1030 USD/Euro. In comparison with Friday rate, Euro rate to US dollar declined by 0.7%.

    Report informs, this trend has affected the rate of the Euro against other currencies. Today, the world's stock markets expect negative reaction due to the results of the referendum. In particular, it's expected significantly decrease in the indices at the European stock exchange.

    European Union leaders took the decision of the Greek people discreetly and respectfully. Now the focus is on today's meeting of leaders of France and Germany. At this meeting it will be clarified whether Greece will remain in the EU.

    Today, Azerbaijan's currency market also observed the strengthening of the US dollar and the decline in Euro rate. 

    Analytical Group of Report News Agency notes that, in the short term rate of the euro depends on the fate of Greece, but up to the end of this year, Euro is expected to strengthen, regardless of whether Greece will remain in the EU or not.

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