BLBG:Euro Erases Advance Versus Dollar, Is Little Changed at $1.2996
The euro erased its advance against the dollar, to trade little changed at $1.2996 as of 7:51 a.m. London time.
The currency climbed as much as 0.5 percent earlier after Cyprus agreed to the outlines of an international bailout that will eliminate the threat of default.
Europe’s shared currency was 0.3 percent stronger at 123.04 yen, after advancing 0.9 percent earlier.
To contact the reporter on this story: Emma Charlton in London at echarlton1@bloomberg.net
To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net
