Economics
Euro Falls Versus Major Peers Amid Greece Concern; Rand Climbs
This article is for subscribers only.
The euro fell versus 13 of its 16 most-traded peers as a meeting between German Chancellor Angela Merkel and Greek Prime Minister Antonis Samaras failed to reassure investors an accord is imminent on Greece’s next aid installment.
The yen rose against the 17-nation currency for a second day after the International Monetary Fund said the euro region’s economy will shrink more than forecast this year. European finance ministers met to discuss the bloc’s debt crisis. South Africa’s rand climbed from a 3 1/2 year low as a labor agreement was reached. Global stocks declined.