Early trade in New York: dollar slips versus majors

07 Nov, 2012

The US dollar edged lower against major currencies on Tuesday as investors booked profits on recent gains, with trading subdued ahead of the results of the US presidential election. The euro hit a two-month low against the dollar before recovering to trade slightly higher as investors awaited a parliamentary vote in Greece on the country's austerity reforms needed to secure international aid.
The dollar index, which tracks the value of the greenback against a basket of major currencies, slipped 0.2 percent to 80.602, but still remained close to a two-month high of 80.843 set on Monday. The euro rose 0.2 percent to $1.2817 after having dropped to $1.2761 on Reuters data, its lowest level in two months.
The dollar was little changed at 80.26 yen, and well below a six-month high of 80.67 yen hit on Friday. The New Zealand dollar gained 0.3 percent to $0.8273, and the US currency fell 0.3 percent to C$0.9930.

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