The U.S. dollar weakens amid rising optimism on budget

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Source: Bloomberg
© scanpix/AFP
The dollar depreciated against its major counterparts after U.S. lawmakers pledged they would reach consensus on the nation's budget to avoid the so called fiscal cliff. The Dollar index tumbled 0.3% to 81.046, as Barack Obama pledged an agreement would be achieved to avert automatic spending cuts and tax increases. The greenback fell 0.2% to $1.2771 per euro, after declining 0.2 % the prior week.
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