“The Dollar Index (SPX) fell for the first time in three days as comments from U.S. lawmakers fueled optimism the so-called fiscal cliff will be avoided.
The yen rose to a one-week high against the dollar as technical indicators signaled its recent decline may have been excessive. The euro pared losses against the greenback as stocks rebounded and amid speculation investors will accept Greece repurchasing its own bonds at below market prices. Brazil’s real fell against all its major counterparts on speculation the central bank will keep interest rates at record lows.”
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