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Dollar Rises Versus Yen Amid Bets on Debt-Limit Accord

The dollar strengthened against the yen for a third day, the longest run of gains in a month, as speculation increased that U.S. lawmakers may reach a compromise to avert an unprecedented default.

The Japanese currency fell against all of its major peers as the White House endorsed a short debt-limit increase with no policy conditions attached, signaling potential support for a plan by House Republican leaders. Sweden’s krona and Norway’s krone slid as data showed inflation pressures eased in the two Nordic economics, cooling bets interest rates will have to rise.