The euro rose against the dollar, extending a gain from last week, amid optimism Europe’s leaders meeting this week will signal support for Greece and outline fresh measures to combat the region’s debt crisis.
The hryvnia rallied after Ukraine’s central bank raised interest rates by the most since 1998 to stem the world’s worst selloff this year. Government bonds dropped amid a military confrontation in the country’s east.
The zloty strengthened for a fourth day, its longest streak of gains in almost three weeks, and bond prices fell after Poland’s central bank governor signaled policy makers may raise interest rates to stem inflation.
The pound reached the strongest in a week against the dollar before an industry report tomorrow that economists said will show retail sales increased in January, adding to evidence the recovery is gaining momentum.