Euro Reaches Four-Month Low Amid Greek Government Concern
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The Dollar Index rose, extending its longest run of gains on record, as Greek leaders prepared to hold new elections amid mounting concern the nation will exit the currency bloc.
The euro reached a four-month low against the greenback as Greece’s central bank head said Greeks have been pulling cash from the nation’s lenders following an inconclusive May 6 vote. The pound fell the most in a month against the dollar as the Bank of England said U.K. growth will stay “subdued” in the near term. The Federal Reserve releases minutes of its April policy meeting today.