Wed, 16 May 2012 13:57:28 GMT
Dollar strengthens as Greek crisis deepens
EUR/USD fell to USD 1.2688, as Greeks are reported to head back to polls again next month. Additionally, Greek depositors took out as much as €700 million from their banks on Monday, intensifying risk of a full-scaled bank run and making their financial institutions even more vulnerable to funding stress. Among other currencies, the dollar strengthened versus the Japanese Yen