Dollar higher as EU nations promise to reduce debt
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The dollar extended its gains Tuesday after Fitch Ratings warned that Britain faces "formidable" fiscal challenges and European countries agreed to reduce debt and tighten oversight of each others' finances.
Markets found some comfort in comments from Federal Reserve Chairman Ben Bernanke, who said in remarks Monday evening to the Woodrow Wilson International Center for Scholars in Washington that he doesn't expect the economy to fall into a second recession. (AP)
