The Greek government failed to secure the majority needed to elect the president and consequently the PM called a snap election that the anti-bailout Syriza party may win, if recent opinion polls are to be believed. The euro came under pressure in this environment while the yen was firmer. Today's focus will be on the U.S. consumer confidence report and house prices data to be released later.EUR/USD fell to a 29-month low of 1.2132 in the middle of the Asian session. Looking ahead, the single currency will remain more sensitive to opinion polls ahead of the Greek election to be held on January 25. USD/JPY came off yesterday's high of 120.71, weighed down by a drop in Japanese stocks in the last trading day of this year. Financial markets in Japan will remain closed until January 05.AUD/USD rebounded from 0.8122, which the pair touched in early Asia trading. China's HSBC manufacturing PMI to be released on Wednesday would prove to be negative for the Aussie, as the country's manufacturing sector is expected to remain subdued for some time.
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