Euro and Oil Declined as Greece Called for New Elections

Note: This section contains information in English only.
Source: Bloomberg
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Following Pasok party leader Evangelos Venizelos' announcement on new elections in June, euro dropped to its 4-month low of USD 1.2739. Oil futures tumbled by 0.9 percent as the appeal of dollar-denominated oil as an investment deteriorated. Christine Lagarde said that although the IMF hopes that Greece won't leave the currency area, they should be ready for anything.
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