Early trade in New York: euro off two-month lows

13 Nov, 2012

The euro rose for the first time in four sessions against the dollar on Monday after recently hitting a two-month low as Greece's approval of a tough 2013 budget and upbeat Chinese economic data caused risk aversion to recede somewhat. The single currency, however, is down about 1.9 percent against the dollar so far in November, and further gains are seen as limited given uncertainty about Greece's ability to repay its debt and a bleak economic backdrop in the region.

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