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Euro Gains for 2nd Day Versus Dollar on China, Greece

The euro extended yesterday’s advance against the dollar amid speculation that China will take more steps to boost economic growth, fueling demand for higher-yielding assets.

The 17-nation euro appreciated from within 0.2 percent of its lowest level since July 2010 after polls showed Greece’s pro-bailout parties gaining ground, damping concern the nation will exit the currency bloc. The Australian dollar strengthened against most of its 16 major peers tracked by Bloomberg.