Euro jumps to 5-week high vs dollar on Greek deal

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Associated Press

Posted on November 30, 2012 at 4:00 PM

Updated Friday, Nov 30 at 4:02 PM

NEW YORK (AP) — The euro hit a five-week high against the dollar after German lawmakers approved Greece's debt deal, paving the way for Greece to get its next bailout payment and avoid bankruptcy.

The euro jumped to $1.3002 in afternoon trading from $1.2972 late Thursday. The euro rose as high as $1.3027 earlier, its highest point against the dollar since Oct. 23.

The dollar rose to 82.50 Japanese yen from 82.15 yen after Japan approved a $10.7 billion stimulus package.

The dollar was mixed against other currencies.

The British pound fell to $1.6028 from $1.6038.

The dollar fell to 0.9265 Swiss franc from 0.9280 Swiss franc. It rose to 99.30 Canadian cents from 99.23 Canadian cents.

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