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The euro extended gains against the dollar on Tuesday, touching $1.27 as U.S. shares gained and analysts expected the Federal Reserve to ease monetary policy in some way when it concludes a two-day meeting on Wednesday.
The euro EURUSD +0.9197% rose as high as $1.2708, then slipped to $1.2691, still up from $1.2572 on Monday.
The shared currency hasn’t closed above $1.27 since May 22, according to FactSet Research. The dollar index DXY -0.68% , which measures the greenback against a basket of six currencies, fell to 81.375, from 82.002 in late North American trading on Monday.
