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Dollar Rises on Speculation Fed Will Limit Quantitative Easing

The dollar advanced against all of its most-traded counterparts as stocks and longer-term Treasuries fell on speculation the Federal Reserve will buy less debt than some traders estimated under quantitative easing.

The euro fell almost one cent versus the dollar after Greece said tax revenue is falling short of a government goal and talks on Portugal’s 2011 budget broke down. South Korea’s won and South Africa’s rand were among the biggest losers as the nations signaled they may act to slow gains in their currencies.