Euro Gains to 4-Week High as Greece Gets Revised Aid Package
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The euro rose to a four-week high against the dollar after Greece was approved for more assistance to address its debt crisis and a report showed U.S. employers in May added the fewest jobs in eight months.
Europe’s shared currency extended its gains after Luxembourg’s Jean-Claude Juncker, who leads the group of euro-area finance ministers, said they agreed to pay the next installment to Greece under last year’s 110 billion-euro ($161 billion) bailout. The U.S. currency dropped to a record low against the Swiss franc as investors sought haven assets after the jobless rate unexpectedly rose to 9.1 percent.