Euro Strengthens Above $1.35 for First Time Since December 2011
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The euro strengthened above $1.35 for the first time since December 2011 before a report forecast to show economic confidence in the region improved this month.
The 17-nation currency advanced for a second day against the dollar as investors await the Federal Open Market Committee’s policy statement today and whether officials will restate their commitment to asset purchases, or quantitative easing, to boost the U.S. economy. South Korea’s won weakened as a government minister said the country should consider taxes on currency trading to limit “speculative” inflows of capital.