Euro Rallies on Prospects ECB to Hold; Kiwi Rallies

The euro rose against the dollar and the yen as a gauge showed the region’s services output increased more than initially estimated, boosting speculation the European Central Bank will refrain from cutting interest rates tomorrow.

The dollar fell from almost a seven-week high before data tomorrow that analysts said will show gross-domestic-product growth slowed last quarter and as two Federal Reserve research papers said slack in the economy justified an accommodative stance. The yen slid as Japan’s Topix Index of shares rose 0.8 percent, damping demand for the currency as a haven. New Zealand’s currency climbed to a two-week high on jobs gains.