Euro Shrugs Off Greece as Traders Trust ECB to Contain Fallout
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The euro rose, erasing its biggest loss against the dollar in three months, on speculation any contagion from the Greek financial standoff would be contained.
The 19-nation currency touched an almost one-month low on concern Greece is moving toward an exit from the currency bloc after the Mediterranean nation effectively asked voters to decide on its membership. The shared currency weakened versus the yen as investors sought haven assets and the Swiss National Bank sold francs to limit gains versus the euro.