Treasuries advanced on weaker-than- estimated retail sales while the Standard & Poor’s 500 Index was little changed after climbing above 1,900 for the first time. The euro slid on speculation over stimulus measures.
Mario Draghi’s willingness to lower interest rates is turning the euro into the darling of investors seeking to exploit differences in global borrowing costs, aiding his efforts to weaken the currency.
The franc capped weekly gains against the euro and dollar after a report showed the U.S. lost more jobs than forecast last month, adding to concern the recovery is slowing and stoking demand for the Swiss currency as a haven.
The Swiss franc’s best start to a year against the euro since the common currency’s debut is regaining momentum as the nation’s economy strengthens, just as budget cuts begin to throttle growth in the 16-nation region.
The dollar climbed to the highest in almost a month against the yen as signs of improvement in the U.S. economy buoyed speculation the Federal Reserve will start scaling back asset purchases this year.