The euro fell for a second day against the dollar as traders assessed whether European Central Bank policy makers will add monetary stimulus amid uneven economic signals.
Dollar bulls weren’t wrong about the currency of the world’s largest economy -- just early.
Canada’s dollar fell against its U.S. counterpart as concern that European leaders will struggle to rein in the region’s debt crisis eroded risk appetite.
The dollar climbed toward the strongest level in five years against the yen before a U.S. report that economists said will show employers hired additional workers last month.
The euro fell against the dollar amid speculation the rally that made it the strongest major currency in 2013 is due for a pause as central-bank policies diverge.
Canada’s dollar climbed against its U.S. counterpart for the first time in five days amid rising equities and raw material prices that suggest greater demand for risk assets.
The euro slumped to a record low against the Swiss franc amid speculation a Greek austerity plan and a European Union pledge to stabilize the region’s economy won’t resolve its sovereign-debt crisis.
Canada’s dollar strengthened from the lowest in more than two weeks versus its U.S. counterpart as investor aversion to higher-returning assets eased.
The euro rallied for a fourth week against the greenback, the longest streak since June, as European Central Bank President Mario Draghi refrained from adding to monetary stimulus.
Canada’s dollar is emerging as the Group of Seven currency with the most at stake as traders debate the effect of the U.S. Federal Reserve’s decision today to reduce its unprecedented monetary stimulus.