Euro Gains Amid Greek-Aid Report; Aussie Climbs on IMF

The euro strengthened against the dollar amid speculation Greece will receive its next aid payment as European finance officials met in Paris to forge a common position on the bailout.

The euro pared gains after Moody’s Investors Service cut France’s bond rating to Aa1 from Aaa, with its outlook remaining negative. The dollar fell against all of its 16 most-traded counterparts except the yen on speculation U.S lawmakers will reach agreement on the nation’s budget and avert the so-called fiscal cliff, damping demand for safety. The Canadian and Australian dollars extended gains against the greenback as the International Monetary Fund said it’s considering classifying them as reserve currencies.