Pursuits
Euro Rises Most in 1 Week on Speculation Greece Will Reach Deal
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The euro strengthened the most in one week against the dollar on speculation that Greece and its creditors will reach a deal to receive aid payments before the country runs out of money.
The common currency climbed against most of its major peers after a senior Greek government official said the nation and its creditors haven’t discussed a potential default or a missed payment to the International Monetary Fund. U.S. jobless claims increased and sales of new homes slumped, adding to evidence U.S. economic growth remains uneven and damping demand for the dollar.