Euro Rises From Lowest in Month as Draghi Strengthens Pledge
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The euro rose from the lowest level in a month as European Central Bank President Mario Draghi strengthened his pledge to keep interest rates low for an extended period to protect economic gains.
The greenback touched a four-month high against a basket of peers as initial-jobless claims dropped before the U.S. releases its nonfarm-payrolls report tomorrow. Emerging-market currencies plunged on speculation that forecast U.S. jobs gains will be enough to allow the Federal Reserve to keep cutting bond purchases that have added liquidity to global markets. Canada’s dollar fell to a four-year low.