Currencies News
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The euro advanced for a third straight week against the dollar in the longest stretch of gains since June after European leaders agreed to a recapitalization of banks and voluntary losses for holders of Greek debt.
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Argentina stepped up its efforts to stem capital flight and shore up the peso by tightening restrictions on foreign-exchange purchases in South America’s second-biggest economy.
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Canada’s dollar registered a fourth weekly advance in the longest streak of gains since March as a plan by Europe’s leaders to address the region’s debt crisis sparked demand for growth-sensitive assets.
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The value of goods and services produced in the U.S. surpassed its pre-recession level after 15 quarters, taking three times longer than the average for 10 previous recoveries since World War II.