Euro Slips on Irish Debt Concerns; Asian Stocks Hit 2-Year High
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The euro weakened for a second day against the dollar as concern that Ireland will struggle to plug its budget deficit reduced the appeal of the region’s assets. Asian stocks traded near two-year highs.
The euro fell 0.6 percent to $1.3954 as of 5:30 p.m. in Tokyo and lost 0.6 percent to 113.33 yen. The MSCI Asia Pacific Index rose 0.3 percent to 135.26, a sixth day of gains, after the U.S. reported a bigger-than-expected pickup in hiring. The Stoxx Europe 600 was little changed while futures for the Standard & Poor’s 500 Index declined 0.3 percent, following last week’s 3.6 percent jump in the U.S. stock gauge.