Euro Falls for Third Day Versus Dollar Before Portugal Bill Sale
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The euro fell for a third day against the dollar before Portugal sells bills amid concern the nation will follow Greece in needing more aid to avoid default.
The 17-nation currency dropped for a fifth day versus the yen as Greece struggles to conclude debt-swap talks with creditors. The yen rose against most of its major counterparts even as Japanese Finance Minister Jun Azumi said again today he will take “bold” steps to curb the currency’s strength if necessary. The Swiss franc climbed to a four-month high against the euro, approaching the central’s bank’s ceiling.