Dollar Gains on Concern Greece’s Debt Deal Will Stall
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The dollar gained from almost a one-month low versus the euro as concern a deal for Greece to buy back its bonds may falter while U.S. lawmakers struggled to reach a budget consensus boosted haven demand.
The Swedish krona declined at least 0.5 percent versus all of its major peers after consumer confidence was weaker than forecast. The greenback extended gains against the majority of its 16 most-traded counterparts after Senate Majority Leader Harry Reid said he is “disappointed” in the lack of progress in discussions to avoid the so-called fiscal cliff. The euro weakened with higher-yielding assets after policy makers released the plan that will allow Greece to receive its next aid payment.