Euro Strengthens Most in 10 Weeks Amid Optimism on Greece Talks

The euro rallied the most in 10 weeks versus the dollar amid optimism that Greece is moving closer to ending months of acrimony with creditors and lessening the threat of default.

The 19-nation currency extended its gain as the creditors were said to be wrapping up a plan to break a deadlock for the disbursement of additional funds, even as Dutch Finance Minister Jeroen Dijsselbloem, who leads the euro-area finance ministers’ group, said they are still far from a deal. The currency also advanced as consumer prices in the region rose on an annual basis last month for the first time since November before the European Central Bank meets Wednesday.