Euro Falls Vs. Counterparts As Greek Majority Rejects Creditors' Terms

By Carla MozeeMarketWatch Pulse

The euro fell against its rivals in early trade Sunday as the first official projection from Greece's referendum showed 61% of voters rejected terms set forth by the country's creditors. The euro was down 1.2% against the dollar at $1.0979, according to FactSet, after opening slightly above $1.10. Against the yen, the shared currency was off 2% at �133.80. The euro was buying 1.0360 Swiss francs , down 0.9%. If confirmed, the referendum's result will indicate there was a larger-than-expected backing for the Greek government's position in its stance against other European entities, as well as underscore questions about Greece's future in the euro.

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