SINGAPORE: The dollar weakened against the euro in Asia Monday with traders fleeing the US currency as hopes faded that a deal could be reached to avert the fiscal cliff in the United States, analysts said.
The euro advanced to $1.3227 in early Asian trade from $1.3217 in late US trade Friday. The dollar also lost ground against the yen, slipping to 85.88 yen from 85.98 yen.
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