The euro fell for the first time in four days against the dollar amid speculation the European Central Bank will expand its balance sheet to stem the rise of the region’s sovereign-bond yields.
The dollar weakened against most major peers as traders bet data showing mixed employment growth may keep the Federal Reserve from accelerating interest-rate increases as the economy emerges from a first-quarter slowdown.
Sales of structured notes that bet on a weakening U.S. dollar have stalled after the busiest first quarter since 2010 on concern that reduced Federal Reserve stimulus may strengthen the currency.
The dollar rose against the currencies of commodity-exporting countries from Canada to Australia as investors sought safety amid signs of curtailed economic growth in the world’s biggest economies.
"The general consensus in the foreign-exchange community is that the currency likely to depreciate the quickest will be the yen."
- Michael Woolfolk on Dec 04, 2014
The Bloomberg Advantage: Hermann, Kenny, Woolfolk, Johnson
BNY’s Woolfolk Says Low Euro Inflation to Aid ECB Move (Audio)
Downed Passenger Plane in Ukraine Roils Markets (Audio)
Bank of NY Mellon's Woolfolk Discusses Euro Decline
BNY Mellon's Woolfolk Discusses European Crisis