Euro Falls on Draghi’s Stimulus Signal; Brazilian Real Advances
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The euro dropped against 14 of its 16 major counterparts after European Central Bank President Mario Draghi said further appreciation in the currency would trigger more monetary stimulus.
The dollar had the biggest gain in more than three weeks versus Europe’s shared currency as U.S. retail sales rose in March by the most since September 2012. Brazil’s real climbed versus most major peers on bets the nation’s interest rates, which it has raised nine times in the past year, will attract investors. Russia’s ruble fell for a third day versus a target basket of dollars and euros as unrest in Ukraine escalated.