THE euro briefly rose after Greek election results showed parties committed to its debt bailout plan claiming victory, but analysts warned that the slim parliamentary majority was not enough to appease jittery stock markets.
Syriza bloc, the radical leftists led by Alexis Tsipras who had vied for first place, conceded defeat to the conservative New Democracy, in a result that keeps the indebted country in the eurozone.
In early trading in Australasia, the euro rose from about $1.2655 on Friday to about $1.2730 – its strongest level since May 22 – according to Reuters data.
Please enable cookies in your browser to display the rest of this article.