Euro Touches Month Low on Concern Greece Won’t Secure Aid
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The euro fell to the lowest in almost eight weeks against the dollar amid speculation Greece will struggle to win bailout funds, risking the nation’s future in the European monetary bloc.
The shared currency declined versus all but the Swiss franc among its 16 major counterparts after Greek Prime Minister Antonis Samaras pledged yesterday that proposed wage and pension cuts will be the last as he struggled to win political support for measure to assure the country’s lifeline. The Dollar Index rose for a third day before tomorrow’s U.S. presidential election. The pound fell against the dollar after U.K. services growth slowed. Sweden’s krona strengthened versus the euro.