Early trade in New York: Euro moves up versus dollar

The euro edged up against the dollar on Wednesday and was headed for its third straight month of gains, but uncertainty about the heavily indebted euro-zone economies was set to limit further strength. Gains in equity markets early in the day had lifted the euro above $1.30, but momentum faded as Wall Street turned negative and uncertainty remained about how to keep Greece afloat and when Spain may ask for a bailout.
The euro rose 0.1 percent to $1.2964, after hitting a session peak of $1.3021 on Reuters data. The euro was on track to post a gain of 0.9 percent this month.Against the yen, the euro climbed 0.4 percent to 103.55 yen. The euro weakened 0.4 percent against the Norwegian crown to 7.395 after Norway's oil fund said it held back from selling crowns in November after buying 500 million in October. The dollar was up 0.3 percent at 79.86 yen, recovering from a fall to 79.25 yen on Tuesday.