Euro Falls for Third Week as Economic Measures Spur Easing View

The euro fell for a third week as measures of manufacturing and business confidence in the region signaled uneven economic growth, bolstering bets on further European Central Bank stimulus in June.

Australia’s dollar dropped the most versus the U.S. currency since January as the nation’s central bank meeting minutes signaled it was likely to maintain record-low interest rates. The 18-nation shared currency reached a three-month low on concern euro-skeptic parties will gain ground this weekend in elections for the European Parliament. The dollar gained before a government report on May 29 that is forecast to show harsh winter weather led the economy to contract in the first quarter, the first three-month downturn since the same period in 2011.