Economics
Dollar Weakens From 3-Year High; Euro Rises Amid Risk Appetite
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The Dollar Index fell from a three-year high amid speculation it climbed too far, too fast after a report last week showing stronger-than-forecast U.S. job growth fueled bets the Federal Reserve will soon slow its stimulus.
The euro advanced for the first time in three days versus the dollar as risk appetite increased and European and U.S. stocks rose. The dollar declined versus most major peers. Fed Chairman Ben S. Bernanke is scheduled to speak on economic policy on July 10, the same day the central bank will release minutes of its June policy meeting.