Euro Posts First Decline in Six Weeks as Economic Growth Stalls

The euro fell for the first time in six weeks versus the dollar as reports showed the region’s economy struggling amid the debt crisis.

The yen advanced against all major currencies as weaker-than-forecast data from China and rising tensions between the two nations spurred demand for haven assets. Riskier currencies declined versus the dollar as report showed Chinese manufacturing may contract for an 11th month. The 17-nation euro declined versus most of its major counterparts before Spain’s government addresses budget issues next week.