Updated on
Summary Euro climbed against dollar as Greece abandoned plan to put financial rescue deal to a public vote.
The euro is rising against the dollar after Greeces prime minister abandoned his plan to put a financial rescue deal to a public vote.The reversal helped allay concerns that Greece could delay or reject a European plan aimed at containing that regions debt crisis. European leaders agreed on the plan last week. A rejection could lead Greece to default on its debt, which would roil financial markets.In afternoon trading Thursday, the euro rose to $1.3822 from $1.3765 late Wednesday. It fell as low as $1.3655 earlier in the day after the European Central Bank send it would cut its main interest rate 0.25 percent to 1.25 percent.The British pound rose to $1.6024 from $1.5967. The dollar fell to 77.95 Japanese yen from 78.06 yen.
