The euro marched to a fresh two-month peak against the dollar closer to $1.13, finding support in an array of factors including fading fears of deflation, optimism that Greece may soon reach an elusive deal to secure more bankruptcy-averting rescue loans, and the U.S. currency's marked reduction in bullishness.
An uptick in German bond yields from record lows also added to the euro's tailwind. But since not much has materially changed in the euro's fundamental makeup, many remain skeptical of the euro's ability to sustain gains beyond the short run.
