Euro Climbs to Two-Week High on China Manufacturing Data

The euro rose to a two-week high against the dollar after an industry report signaled China’s manufacturing expanded this month, adding to evidence the world’s second-largest economy is gathering pace.

The shared currency climbed versus most of its 16 major peers as data showed euro-area services and manufacturing industries contracted less than forecast in November. The yen snapped a six-day drop against the dollar. South Africa’s rand gained for the first time in three days versus the greenback as the Reserve Bank left its key rate unchanged. U.S. markets are closed today for the Thanksgiving holiday.