The euro is falling against the dollar even after an election victory for pro-bailout parties in Greece means it’s more likely the country will stay in the euro.
Traders are realizing that Europe’s debt crisis is far from over as Spain’s borrowing rates jump above 7 percent. That’s a sign that investors are concerned about the country’s finances. Greece, Portugal and Ireland had to seek bailouts after their rates soared above 7 percent.
The euro fell to $1.2584 in afternoon trading Monday from $1.2637 late Friday.
The British pound fell to $1.5654 from $1.5678. The dollar rose to 79.46 Japanese yen from 78.71 yen and to 0.9556 Swiss franc from 0.9504 Swiss franc.
finance.yahoo