Euro Trades Near Two-Month High on ECB Bond-Buying Plan
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The euro strengthened to a two-month high against the dollar on speculation the European Central Bank will today announce unlimited, sterilized bond buying to help contain the region’s debt crisis.
The 17-nation currency extended this week’s advance versus the yen after the ECB left its benchmark interest rate at 0.75 percent at a policy meeting today. The dollar rose against the yen after an industry report showed U.S. companies added more jobs than economists forecast. Sweden’s krona weakened after the central bank cut interest rates to help exporters.