The euro fell the most in three weeks against the yen and slumped versus the dollar after European Central Bank President Mario Draghi said he didn’t signal stepping up bond purchases to spur growth.
The 17-nation currency reached the lowest level this month versus the greenback, reversing brief gains, after Draghi’s comments damped speculation that the ECB would expand its bond-buying role to stem the region’s debt crisis. The yen rose on increased demand for safety as European leaders gathered in Brussels for a two-day meeting to address the debt crisis. Australia’s dollar fell.
