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Euro Climbs as Greece Said Ready to Seek Extension of Bailout

Bloomberg business news

What Comes Next as Greek Debt Talks Collapse?

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The euro gained after a report indicated that Greek Prime Minister Alexis Tsipras’s government may ask for a loan extension as soon as Wednesday.

The 19-nation shared currency climbed earlier against the dollar even as hopes for a quick agreement with Europe’s finance ministers in Brussels were dashed on Monday. The euro also gained versus the yen and Swiss franc as demand for haven currencies eased.