Euro Gains as Greeks Back Pro-Bailout Parties; Yen Falls

The euro rose to the strongest in almost a month as official projections showed pro-bailout parties won enough seats to control Greece’s parliament, easing concern the country would be forced from the currency bloc.

The 17-nation euro extended last week’s 1 percent jump versus the dollar after figures from Greece’s Interior Ministry indicated New Democracy has the ability to form a majority government with Pasok. The dollar and yen declined against most major counterparts as Asian stocks advanced, sapping demand for so-called safe-haven currencies.