Euro Erases Advance Versus Dollar, Trading at $1.2974

The euro erased an advance versus the dollar after Federal Reserve Bank of Dallas President Richard W. Fisher said accommodative policies can’t be left in place forever and limits should be set on U.S. quantitative easing, boosting demand for the U.S. currency.

The euro was little changed at $1.2974 at 8:35 a.m. London time after rising as much as 0.3 percent to $1.3009, the highest in three weeks.

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