Euro gains evaporate after Greek setback | Reuters: "(Reuters) - The euro descended from a three-week peak against the dollar in Asia on Tuesday after euro zone finance ministers rejected an offer by private creditors to restructure Greek debt, keeping alive fears of a default.
The euro slipped as low as $1.2988 before steadying at $1.2995. On Monday, it jumped more than 1 percent to a high of $1.3053 on the EBS trading platform as hopes of an eventual Greek deal drove a wave of short-covering."
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