Dollar Declines as U.S. Budget-Deal Optimism Curbs Haven Demand
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The dollar fell against most major currencies as optimism U.S. lawmakers will reach agreement on efforts to avoid the so-called fiscal cliff damped demand for safer assets.
The euro rose against all of its 16 most-traded counterparts after Spanish and Italian bonds rallied and global stocks advanced. The U.S. currency gained against the yen amid a report showing the U.S. economy expanded more than previously estimated in the third quarter. Sweden’s krona declined after the economy expanded at a slower pace last quarter.