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Euro Rises as German Business Confidence Climbs; Krona Advances

The euro strengthened to the highest level in three weeks versus the dollar after data showed German business confidence rose in November, boosting optimism that Europe’s biggest economy is weathering the region’s slowdown.

The 17-nation shared currency registered a weekly gain versus 12 of its 16 most-traded peers on speculation Europe’s policy makers will agree to keep aid flowing to Greece when they meet on Nov. 26. The yen strengthened against the dollar as a technical indicator signaled its decline this week may have been too rapid. Sweden’s krona advanced on strong demand for higher-yielding assets.