Reuters: US Dollar Report: Euro/dollar hits 3-mth low after French, Greek elections

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Euro/dollar hits 3-mth low after French, Greek elections May 6th 2012, 22:33 TOKYO | Sun May 6, 2012 6:33pm EDT TOKYO May 7 (Reuters) - The euro fell to three-month low against the dollar and the yen on Monday after Greek voters mauled pro-bailout parties while the French ousted incumbent Nicolas Sarkozy, a key architect of bailout measures for indebted countries and an advocate of austerity measures. The euro fell to as low as $1.2978, its lowest level since mid-February, with $1.2950 seen as a major support for the currency pair. The euro also fell to 103.52 yen.

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