The euro slumped to its lowest level against the dollar in over two months on Tuesday on disappointment over a delay in aid to debt-stricken Greece and worries about a US fiscal crisis. The euro has lost value against the safe-haven dollar in seven of nine trading sessions in November, notching roughly a 2 percent loss.
Greece's international lenders gave the country more time to fix its budget, though they didn't disburse the aid Greece had hoped to use to refinance 5 billion euros of its debt pile by Friday. The euro briefly rose after a German government source said European countries deliberating on payments to Greece could bundle several tranches together into a single payment of more than 44 billion euros.
The euro was last down 0.1 percent at $1.2694, having earlier dropped to $1.2660, its lowest since September 7, in reaction to an inconclusive euro zone finance ministers' meeting and weak German data. The dollar index was up 0.1 percent at 81.128, having earlier hit a two-month high of 81.241. Against the yen, the dollar was flat at 79.48, according to Reuters data.
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