Euro Up From 11-Year Low on Fading Greek Exit Odds; Ruble Drops

January 26, 2015 10:26 PM

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The euro climbed from an 11-year low amid speculation the victorious Syriza party in Greek elections will pursue its anti-austerity agenda without forcing an exit from the currency bloc.

The Russian ruble closed at the weakest level on record after Standard & Poor’s cut the nation’s credit rating to junk. The dollar gained versus the yen with the Federal Reserve forecast to to raise interest rates this year. The central bank starts a two-day meeting Tuesday. The euro tumbled 3.5 per...

Also read: Economy: Jobless claims drop to lowest since 1973; housing starts jump 11%

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