The South African rand climbed today after the European Central Bank made an unexpected move by reducing its main interest rate.(...)
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In a surprise move today, the ECB announced a rate cut of 25 basis points. The cut to 1.25 percent, the first move by new ECB president Mario Draghi, surprised nearly everyone. The move has given the UK pound some strength against the euro, and provided the pound with some strength against other currencies as well.

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The Greek government is on the edge of complete collapse. A bailout payment from the EU and the IMF ($8 billion euro due this month) has yet to be made, since there is uncertainty about whether or not Greece will meet the terms of the help. On top of that, Greek leaders are contemplating withdrawal from the eurozone.

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Read the rest of Euro Heading Higher, Even with Greece on the Brink of Collapse (137 words)

The South Korean won dropped today as the tension about the upcoming referendum in Greece continued to damp demand for riskier currencies of emerging markets.(...)
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The US dollar regained its strength against the euro today after yesterday the US currency declined following the decision of the Federal Reserve to maintain the interest rates at the record low level.(...)
Read the rest of USD Higher vs. Euro, Erases Losses (111 words)

The Malaysian ringgit went lower today as traders fear the Greek referendum may destabilize already “unpleasant” situation in Europe and that fears eat away their willingness to buy riskier currencies of emerging markets.(...)
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