Euro Falls on Debt-Slowed Economy; Yen Weakens
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The euro fell against most major currencies after a survey showed German investor sentiment stayed negative this month as the region’s economy struggles amid the debt crisis.
The yen declined against the greenback after gaining earlier after a Nikkei report speculated the Bank of Japan could take steps to weaken the currency as soon as tomorrow. The euro weakened from four-month highs versus the dollar and yen amid concern Spain will delay seeking a bailout after the European Central Bank pledged to buy bonds. The Dollar Index rose for a second day, strengthening from a six-month low reached Sept. 14 after the Federal Reserve began its third round of monetary stimulus.