The dollar drifted higher last night as the market largely ignored the latest double twist in the US election saga and voted instead for lower interest rates. Federal Reserve chairman Mr Alan Greenspan's speech last week, taken as a hint that interest rates there may have peaked, fuelled strong gains on US and European stock markets, analysts said, and that in turn boosted the dollar. The single European currency fell to 0.8773 dollars in late trade in London from 0.8879 dollars in New York late Friday. It also eased to 97.15 yen from 98.51 yen in New York.