World Economy

Euro Dips to 29-Month Low

Euro Dips to 29-Month LowEuro Dips to 29-Month Low

The euro dipped to a 29-month low against the dollar on Tuesday as the announcement of a snap election in Greece threw the country into a fresh round of political turmoil. The austerity-minded leading coalition in Greece failed on Monday to secure enough votes in parliament to elect a president, paving the way for an early general election next year, Reuters reported.