Euro Falls as Regulators Extend Short-Selling Bans; Rand Climbs
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The euro weakened for a second day against the dollar as European regulators extended bans on short-selling in equity markets in an effort to prevent the region’s sovereign-debt crisis from worsening.
The yen fell versus all of its 16 most-traded peers as speculation that Federal Reserve Chairman Ben S. Bernanke may disappoint investors betting on more economic stimulus fueled demand for the safety of U.S. Treasuries. Bernanke gives a speech tomorrow in Jackson Hole, Wyoming. South Africa’s rand climbed as gold erased losses while stocks slid.