Euro Climbs as SNB Says It’s Ready to Intervene; Yen Advances
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The euro strengthened after a Swiss National Bank official said it remained ready to intervene in markets, sparking broader gains for the shared currency.
The euro climbed against most major peers even as it fluctuated versus the franc. The yen rose against the dollar after Japan’s economy minister said neither the government nor the central bank has committed to a strict schedule for achieving 2 percent inflation. A gauge of the U.S. dollar was close to its highest level on record amid speculation Federal Reserve policy makers meeting this week will stick to their stance that suggests an interest-rate increase this year.