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Euro Rallies After Pro-Bailout Parties Gain in Opinion Poll
The euro edged higher against the U.S. dollar in Asian trading on Monday morning after new opinion polls showed Greece's conservatives, who support the bailout, had gained over the anti-bailout Syriza party. The euro [EUR= 1.258 0.0014 (+0.11%) ] traded as high as 1.2578 compared to Friday's close of 1.2515 in New York. By 8 a.m. Singapore time, the currency was at 1.2560. "We're seeing this morning, a little bit of a relief rally because of those polls. Any rally that we see is just pricing out the extreme tail-risk of a chaotic Greek default, just in case the pro-bailout parties do look like forming a ... (full story)
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