Euro Falls Most in 6 Months as CPI Fuels ECB Bets
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The euro slid the most in six months versus the dollar after the inflation rate in the region unexpectedly cooled, fueling speculation the European Central Bank will cut interest rates to spur the economy.
The shared currency fell against most of its 16 major peers as separate data showed unemployment in the euro area climbed to a record 12.2 percent. The yen pared its first gain in five days versus the dollar as a U.S. business barometer unexpectedly jumped. Brazil’s real dropped the most in more than two months as the nation’s budget deficit widened more than forecast.