Draghi’s ‘Whatever It Takes’ Drives Euro Gains Amid Greek Crisis
(Bloomberg) -- Greek Prime Minister Alexis Tsipras talks about the country's economic and debt crisis, capital controls and the July 5 referendum on the European Union's aid proposal. He spoke on a televised interview on ERT. (This report is translated from Greek into English. Source: Bloomberg)
The euro headed for its best quarterly gain in four years against the dollar amid speculation the European Central Bank will be able to contain any fallout should Greece default.
The common currency rallied Monday from a near four-week low amid reports German Finance Minister Wolfgang Schaeuble told lawmakers he doesn’t view Greece as a contagion risk. Greek Prime Minister Alexis Tsipras rejected creditors’ aid proposals on Friday, sparking a global rout in stock markets. New Zealand’s dollar fell for a third day as deteriorating business confidence added to speculation the central bank will cut interest rates next month.