Euro Plummets to 11-Year Low Versus Yen as Crisis Deepens
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The euro fell against the yen to the weakest level in more than 11 years as investors sought the relative safety of the Japanese currency and pushed German bond yields to record lows amid a deepening of Europe’s debt crisis.
The Dollar Index climbed to a 21-month high after Chinese manufacturing grew less than forecast last month and before a report that U.S. payrolls probably picked up from the weakest pace in six months. The 17-nation currency slid to the lowest in almost two years against the dollar after euro-area unemployment surged to the highest on record.