LISBON, Portugal (AP) - Portugal has passed the latest test of its compliance with the terms of its €78 billion ($100 billion) bailout, meaning it qualifies to get the next installment of its rescue loans.
Finance Minister Vitor Gaspar said Monday that creditors endorsed Portugal's progress on
NEW YORK (AP) - Hopes that U.S. leaders will reach a budget deal pushed the dollar lower against the euro Monday. Traders were also hopeful that Greece will get its next batch of bailout money.
Riskier currencies such as the euro tend to strengthen when traders think the economy is getting better.