Euro Drops Most Since November on Concern Debt Crisis Worsening
This article is for subscribers only.
The euro fell the most since November against the yen and dropped from a 15-month high versus the dollar on concern a bailout for Greece may fail to prevent the first default by a country in the 17-nation currency region.
New Zealand’s dollar surged this week to a three-year high versus the greenback on speculation accelerating inflation won’t hamper the economy. The U.S. currency touched the lowest level this month versus the yen on bets the Federal Reserve will reaffirm after its April 26-27 meeting its plan to keep borrowing costs low to support the economic growth.