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Monday, June 18, 2012

Euro soars after pro-bailout parties clinch Greek polls

The euro soared against the dollar and yen in early Asian trade on Monday after Greece's two main pro-bailout parties clinched enough votes to form a government in knife-edge polls on Sunday.

The single currency bought $1.2738 and 100.70 yen, against $1.2644 and 99.47 yen in New York trading on Friday, after hitting multi-month lows in recent weeks amid uncertainty about Greece and the wider eurozone.