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MW:Dollar surges after Greek, French elections
 
By Barbara Kollmeyer
MADRID (MarketWatch) -- The U.S. dollar pushed higher across the board on Monday in the wake of elections over the weekend in France and Greece and after data late last week raised concerns about the U.S. economic recovery. U.S. stock futures were sharply lower and Asian stocks tumbled after Socialist challenger Francois Hollande defeated French President Nicolas Sarkozy and main Greek parties took a drubbing according to exit polls in from Sunday's parliamentary elections. The ICE dollar index DXY +0.41% , which measures the greenback against a basket of six major currencies, surged to 79.933 from 79.468 in late North American trading late Friday. The euro EURUSD -0.12% slid to $1.29938 from $1.3095 late Friday. Data released Friday showed the U.S. economy created 115,000 jobs in April, short of economists' expectations. Against the Japanese yen, the dollar USDJPY +0.02% fell to ¥79.78, compared with ¥79.88 in the previous session.
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