With the likelihood of a bail-out for Ireland growing, fears that the struggling nation will fail to meet its dent obligations have subsided. This helped propel the euro to a second-straight day of advances over the dollar.
Ã¢â‚¬Å“For the most part itÃ¢â‚¬â„¢s a classic risk-on move,Ã¢â‚¬Â said Greg Anderson, a currency strategist at Citigroup Inc. in New York. Ã¢â‚¬Å“One of the keys of these packages, why they calm market fears, is they tie Europe together. The countries wonÃ¢â‚¬â„¢t exit.Ã¢â‚¬Â
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