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- American focus: dollar and the yen declined, euro gained
American focus: dollar and the yen declined, euro gained
The euro rose to three-week highs against the dollar and yen as European Commission President Jose Barroso called for a “coordinated approach” to recapitalize the region’s banks. The 17-nation currency extended gains after policy makers in Slovakia, the only nation yet to approve a retooled bailout fund, reached an agreement on another vote to ratify the plan.
New Zealand’s dollar rose the most in two months against the dollar as stocks and commodities advanced, buoying higher- yielding currencies.
The dollar weakened against the majority of its most-traded counterparts before the release of minutes from the most recent Federal Open Market Committee meeting.
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