The euro strengthened against the dollar and yen as leaders of the 27 European Union member nations gather today for budget negotiations. The Japanese currency touched a seven-month low amid speculation the nation’s opposition party advocating “unlimited” monetary stimulus will win power in elections next month and as gains in Asian equities curbed demand for haven assets. Australia’s currency climbed after a private report signaled China’s manufacturing may expand this month. forex
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Euro Rises Versus Most Peers Before EU Budget Summit
The euro strengthened against the dollar and yen as leaders of the 27 European Union member nations gather today for budget negotiations. The Japanese currency touched a seven-month low amid speculation the nation’s opposition party advocating “unlimited” monetary stimulus will win power in elections next month and as gains in Asian equities curbed demand for haven assets. Australia’s currency climbed after a private report signaled China’s manufacturing may expand this month. forex
