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Euro rises against dollar as Greece calls off vote

(AP)  NEW YORK — The euro is rising against the dollar after Greece’s prime minister abandoned his plan to put a financial rescue deal to a public vote.

The reversal helped allay concerns that Greece could delay or reject a European plan aimed at containing that region’s the debt crisis. European leaders agreed on the plan last week. A rejection could lead Greece to default on its debt, which would roil financial markets.

In afternoon trading Thursday, the euro rose to $ 1.3822 from $ 1.3765 late Wednesday. It fell as low as $ 1.3655 earlier in the day after the European Central Bank send it would cut its main interest rate 0.25 percent to 1.25 percent.

The British pound rose to $ 1.6024 from $ 1.5967. The dollar fell to 77.95 Japanese yen from 78.06 yen.


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