Euro Loses Most in 4 Months Against Yen on Fiscal Cliff, Greece

The euro slid the most in in four months versus the yen on concern a U.S. budget showdown known as the fiscal cliff will push the world’s biggest economy into recession and Greece will struggle for more rescue funds.

Japan’s currency rose against all of its 16 most-traded peers as investors sought haven amid a worsening global economic outlook. The euro fell for a third week versus the dollar, the longest losing streak since July, before Greece’s parliament votes on a budget tomorrow. The 17-nation euro economy shrank for a second quarter, data next week are forecast to show. New Zealand’s dollar tumbled after the nation’s jobless rate jumped.