Euro Falls Toward Four-Month Low Versus Dollar on Cyprus

The euro traded 0.3 percent from the lowest in almost four months against the dollar after the Cypriot parliament voted down a bank-deposit levy needed to secure a bailout, risking renewed tumult in the currency bloc.

The 17-nation currency weakened for a fourth day versus the yen as an official familiar with the matter said European policy makers in Cyprus discussed further capital controls and extending a bank holiday through to the end of the week. The yen and dollar rose against most major peers as investors sought havens on concern Europe’s crisis will worsen. New Zealand’s currency held declines after Finance Minister Bill English said a drought has reduced pressure on interest rates.