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Print Print edition: 2012-02-11

Early trade in New York: euro falls

Published Updated

The euro fell on Friday after the leader of the far-right party in Greece's coalition declined to back a bailout agreement, again raising concerns about the risk of a chaotic default and pushing market sentiment from recent optimism to pessimism. The euro lost 0.8 percent on the day to $1.3183, pulling well below a two-month high touched on Thursday, a level just short of its 100-day simple moving average, currently at $1.3328, using Reuters data.
The Aussie was last down 1.1 percent to $1.0674, after falling to a more than one-week low and well below a six-month high reached this week. Against the yen, the euro was down around 0.9 percent on the day at 102.32 yen, off a two-month high hit on Thursday. The dollar rose to its highest against the yen in two weeks before surrendering gains. It was last at 77.62 yen, down 0.1 percent.

Copyright Reuters, 2012

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