AP News

Dollar rises to 2-month high against euro


NEW YORK (AP) — 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.


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