NEW YORK (Dow Jones)--The euro rose against the dollar Tuesday on market expectations that Ireland's 2011 austerity budget would pass later in the day, alleviating one stress point in the euro zone sovereign debt crisis.
Ireland's budgetary process has been closely watched because the debt-laden nation's EUR67.5 billion rescue package with the European Union and International Monetary Fund is contingent on passing the budget. If the budget is passed, that would avoid a scenario where Ireland's government would face a no-confidence vote and be forced to call an early general election, fears of which have contributed to the euro's sell ...
