16th July 2015
The euro slid to fresh lows after Greece accepted austerity measures demanded by creditors to unlock a third bailout.
MPs voted in favour of the reform programme agreed in Brussels earlier this week designed to save the country from exiting the single currency bloc.
The approval left the way clear for negotiations on the bailout to begin, but it raised questions about whether the Greek government can hold together as 38 lawmakers from the ruling Syriza party voted against the bill.
Following the vote, the euro fell by half a percent against the US dollar to reach its lowest in six weeks and close to a 12-year trough.
Support for the greenback came as Federal Reserve chair Janet Yellen reaffirmed her view that the bank is likely to hike interest rates some time this year.
The single currency was also lower against the pound, hitting an eight-year low as sterling was buoyed by comments from Bank of England governor Mark Carney, who also said a rise in interest rates is getting nearer.
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