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Euro Tumbles Most Since January on ECB Rate Signal; Yen Climbs

The euro fell the most in four months against the dollar after European Central Bank President Jean-Claude Trichet signaled he may not raise interest rates next month and concern grew that Greece’s debt crisis is worsening.

The shared currency tumbled yesterday by the most in a year after Germany’s Spiegel magazine said Greece may withdraw from the euro. European Union ministers attending talks in Luxembourg later denied Greece would leave the currency and said it may receive more aid. The yen strengthened as plunging commodities prompted investors to unwind bets in higher-yielding assets. In the U.S. inflation may have slowed in April even as more jobs were added, a report next week is forecast to show.