Euro Near One-Week Low Before ECB Meet, Spanish Auctions
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The euro traded within 0.5 percent of a one-week low versus the dollar before European Central Bank policy makers meet today amid political turmoil that threatens to renew the region’s sovereign-debt crisis.
The 17-nation currency weakened from its highest since April 2010 against the yen before Spain prepares to auction bonds today amid calls for Prime Minister Mariano Rajoy to resign. ECB President Mario Draghi may indicate concern the economy is weak even as the bank hold rates, according to analysts. The New Zealand dollar fell after a government report pointed to a weak employment trend.