|Published:||Nov 05, 2012 1:36 PM EST|
|Updated:||Nov 06, 2012 7:31 AM EST|
NEW YORK (AP) - Resurgent fears that Greece may leave the euro are pushing the dollar to a two-month high against the euro. Traders also bought dollars a day before the U.S. presidential election, which may be a tight race.
The dollar is considered a safe haven currency and tends to strengthen during global turmoil.
In Greece, two votes in Parliament this week could determine if the cash-strapped country stays in the European monetary union.
The euro fell to $1.2782 in afternoon trading from $1.2829 late Friday. The euro fell as low as $1.2766 earlier, its lowest point against the dollar since Sept. 11.
The British pound fell to $1.5964 from $1.6021. The dollar rose to 0.9443 Swiss franc from 0.9411 Swiss franc.
The dollar fell to 80.26 Japanese yen from 80.42 yen.