The euro surged against the dollar on Wednesday as traders flocked to the riskier single currency with the US Congress poised to endorse a deal to avert the "fiscal cliff" budget crisis.
Pedestrians walk past an electronic board showing Japanese yen rates against the US dollar and euro in Tokyo on January 16, 2012. The euro strengthened to $1.3262 in morning Asian trade from $1.3192 on Monday.
The euro strengthened to $1.3262 in morning Asian trade from $1.3192 on Monday. The euro was at 115.28 yen from 114.45 yen. The dollar rose to 86.95 yen from 86.69 yen.
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