Dollar Advances Against Euro Amid Fiscal-Cliff Meeting
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The dollar rose for the first time in three days versus the euro as investors sought haven assets amid concern President Barack Obama’s talks with U.S. lawmakers to avert the so-called fiscal cliff will stall.
The Dollar Index extended its fourth weekly advance as Hamas said it fired at the parliament in Jerusalem as Israel deployed tanks near the Gaza border. The yen strengthened against most of its 16 major counterparts amid speculation this week’s drop was too rapid. The franc fell after Swiss National Bank President Thomas Jordan said the currency remains a strain on the economy.