Euro Pares Increase Against Dollar as Ireland Nears Vote on Aid Package
(Corrects direction in the first sentence.)
The euro pared gains against the dollar as Ireland’s parliament neared a vote on austerity measures that are required to qualify for an 85 billion-euro ($114 billion) package. The euro traded at $1.33 in New York.
“Its immediate ability to impact the euro seems to have diminished,” said Robert Lynch, head of currency strategy for HSBC Holdings Plc in New York. “The broader issues aren’t even close to being resolved.”
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