NEW YORK (AFP) – The euro pulled higher against the dollar in late trade Monday after hitting a 12-year low of $1.1101 in the wake of the leftist Syriza partys victory in Greek elections.The choice of Syriza leader Alexis Tsipras as prime minister raised the prospect of tough talks with Greeces creditors over easing rescue terms, if not more debt restructuring, and likely more turbulence in the markets.Investors can expect Greek-led market volatility for at least six months until a Syriza-led government is better understood, said Tom Elliott, a strategist at investment advisor deVere Group.The euro will weaken — perhaps …read more
Source: Dunya TV
