Europe's debt crisis has pressured the euro to a 16-month low against the dollar.
NEW YORK (CNNMoney) -- Investors set aside their worries about Europe Tuesday after comments from credit ratings agency Fitch raised hopes for an end to the eurozone debt crisis late in the year.
Stocks in Europe and the United States moved higher, while yields on Italian and Spanish bonds fell, as traders embraced riskier assets. Shares of U.S. banks, often seen as a proxy for worries about Europe, were among the best performers.
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