Euro falls to near two-month low versus dollar
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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Wipro posted a 29 percent rise in its fourth-quarter net profit, beating expectations, helped by increased IT spending by its customers. For the quarter ended March 31, the company said it earned 22.27 billion rupees compared with 17.29 billion rupees a year earlier. Full Article | Full Coverage