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The euro rose against the dollar on Wednesday after Greece's parliament approved austerity measures needed to avoid a default, but concern over whether the government can implement them could limit gains. Expectations of a positive outcome had buoyed the euro this week and pushed it to a two-week high of $1.4449 on trading platform EBS earlier in the session.
It briefly turned negative after the vote outcome as traders booked profits. The euro was last at $1.4425, up 0.4 percent, with traders citing an options barrier with offers to sell at $1.4450. It jumped 0.8 percent to 1.2048 Swiss francs, moving away from a record low around 1.1808 set on Monday. The dollar slipped 0.3 percent to 80.84 yen, while it lost 0.5 percent against a basket of currencies.

Copyright Reuters, 2011

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