Dollar Falls Versus Euro as U.S. Jobs Trail Forecast; Yen Drops
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The dollar declined to the lowest level in more than a week against the euro after U.S. employers added fewer jobs in March than forecast, fueling speculation growth in the world’s biggest economy is slowing.
The greenback fell for a third day versus the shared currency on bets the payrolls data will stiffen the Federal Reserve’s determination to maintain bond purchases to spur growth. The yen touched the weakest level since 2009 versus the greenback a day after the Bank of Japan outstripped forecasts and announced unprecedented economic stimulus measures.