| CATEGORY: FX |
Tue 29 May 2012
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LONDON (SHARECAST) - The dollar eased off recent highs in light trading as the latest opinion polls in Greece suggest pro austerity parties are gaining support.
The beleaguered euro recovered from two-year lows as investors took heart from Greek opinion polls and hopes that the nation may yet avoid a messy exit from the Eurozone.
The single currency traded at around $1.2540, up from Friday's 22-month low of $1.2514.
The dollar index, which measures the US currency against a basket of six others slipped to 82.227 from around 82.40 on Friday, a level not seen since 2010.
Otherwise trading was thin on the ground with US and some European markets closed for the Memorial Day holiday.
The safe haven Japanese yen fetched ¥79.455 against the dollar versus ¥79.67 on Friday.
Sterling advanced against the dollar on Monday but lost ground against the euro as polls showed rising support for a pro austerity parties in Greece. The euro rose 0.1% to around 79.95p while the pound gained 0.2% against the dollar at $1.5695 as risk appetite picked up in light trading.
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