Euro Drops to Two-Month Low After Ministers Delay Aid to Greece

The euro fell to a two-month low versus the dollar after European Union finance ministers said they will delay for “weeks” the decision to give Greece its next round of aid.

The single currency declined as European Central Bank President Mario Draghi said economic growth was expected to remain weak. The yen gained against all of its main peers as investors sought safer assets amid concern re-elected U.S. President Barack Obama will struggle to avert the fiscal cliff. South Africa’s rand tumbled as mining output fell the most in five months.