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.