Euro Rises to Two-Week High as Spain Sells Debt; Aussie Weakens
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The euro strengthened to a two-week high against the dollar and the yen as Spain raised more than its maximum target at a debt sale, boosting optimism the region’s sovereign-debt crisis is being contained.
The Dollar Index declined for a third day after U.S. inflation was little changed in December, giving the Federal Reserve more room to keep interest rates at virtually zero. The common currency advanced versus the yen and dollar as Greece held a second day of talks with private creditors in a bid to reach an accord to lower its debt levels. Australia’s dollar tumbled after payrolls unexpectedly shrank.