Euro Slides for Seventh Week as Inflation Slows Before ECB Meets

The euro slid for a seventh-week, the longest stretch in more than a decade, as a report showed gains in consumer prices in the region slowed this month.

The 18-nation currency fell to an almost one-year low versus the dollar as Goldman Sachs Group Inc. cut its outlook for the euro. European Central Bank officials meet Sept. 4 after ECB President Mario Draghi said Aug. 22 that inflation expectations in the region have fallen, fueling bets officials will add to monetary stimulus. Canada’s dollar touched a one-month high after a report showed its economy expanded at the fastest pace in three years. Russia’s ruble weakened to a record.