Euro falls to near two-month low versus dollar

LONDON Mon Nov 5, 2012 1:40pm IST

LONDON Nov 5 (Reuters) - The euro fell to a two-month low against a buoyant U.S. dollar and a one-month trough against the British pound on Monday on renewed uncertainty about the debt crisis as Greece faces a curcial parliamentary vote.

The euro fell 0.4 percent to $1.2782, its lowest level since Sept 11, and breaking below a reported option barrier at $1.2800. Traders cited stop-loss sell orders below $1.2780.

The euro also fell to a one-month low against sterling of 79.855 pence.

The dollar index rose 0.2 percent to 80.755, rising past its 200-day moving average 80.672 to a two-month high. The dollar also rose to a near two-month high against the Swiss franc of 0.94385 francs.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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