WELLINGTON
(Reuters) - The euro hit a three-week high against the U.S. dollar after
official Greek election projections showed parties committed to
Greece's multi-billion-euro bailout were on course to secure a slim
parliamentary majority.
The euro rose to around
$1.2730 according to Reuters data in early Australasian Monday trade,
from around $1.2655 late in New York on Friday. It hit its strongest
since May 22 according to Reuters charts.
Against the yen, it rose to 100.28 yen versus 99.53 yen late on Friday.
Official vote projections from Greece's interior ministry
showed the pro-bailout New Democracy taking 29.5 percent of the vote,
with SYRIZA in second place with 27.1 percent. The Socialist PASOK
followed in third place with 12.3 percent.
The
dollar rose to around 78.90 yen, compared with 78.65 yen in late trade
in New York on Friday, while currencies considered to be high risk,
including the Australian and New Zealand dollar rose.
(Reporting by Naomi Tajitsu; Editing by Robin Pomeroy)
