Dollar rises to 2-month high against euro

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Dollar rises to 2-month high against euro

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Resurgent fears that Greece may leave euro pushed the dollar to a two-month high against euro.

06 November,2012 04:25 am

Resurgent fears that Greece may leave the euro pushed the dollar to a two-month high against the 17-nation currency on Monday.Traders also bought dollars a day before the U.S. presidential election, which is expected to be a tight race.The dollar is considered a safe haven currency and tends to strengthen during global turmoil.The euro fell to $1.2792 in late trading Monday from $1.2829 late Friday. The euro fell as low as $1.2766 earlier, its lowest point against the dollar since Sept. 11.In Greece, two votes in Parliament this week could determine if the cash-strapped country stays in the European monetary union.The British pound fell to $1.5972 from $1.6021.The dollar rose to 0.9435 Swiss franc from 0.9411 Swiss franc and to 99.68 Canadian cents from 99.56 Canadian cents.The dollar fell to 80.26 Japanese yen from 80.42 Japanese yen.