Midday trade in New York: euro rallies on Greece vote optimism

The euro gained for a fourth straight session as investors grew optimistic Greek Prime Minister George Papandreou would survive a confidence vote on Tuesday that could help avert a default on the country's debt. But traders said the euro's upside was limited, given the hurdles Greece must overcome, including approval by parliament of crucial austerity measures scheduled for a decision on June 28.
In midday New York trading, the euro was up 0.5 percent at $1.43653, with offers reported at $1.43800-850. It was expected to face stiff resistance ahead of $1.45, with the 55-day moving average around $1.44110 ahead of the June 15 high at $1.44510.