Euro Near Week Low on Debt Crisis, China; Aussie Rises on Jobs
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The euro was 0.3 percent from a one-week low versus the yen as concern Europe’s debt crisis is spreading and China’s decision to raise interest rates damped demand for higher-yielding assets.
The euro traded near the lowest level in a week against the Swiss franc after analysts said Ireland’s credit rating may be cut to junk by Moody’s Investors Service following Portugal’s loss of its investment-grade rating. The Australian dollar rose after a government report showed employers added more jobs than economists had estimated. Thailand’s baht advanced after incoming Prime Minister Yingluck Shinawatra said her government intended to let the currency strengthen.