Euro Advances From Almost 3-Week Low Before ECB Meets; Yen Gains
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The euro rose for a second day against the dollar, reversing earlier losses, after failing to drop below its 50-day moving average.
The 17-nation currency advanced from almost a three-week low after avoiding the $1.2993 level. The euro fell earlier before the European Central Bank meets this week amid concern the region’s economy is faltering. The yen gained from almost the weakest in 29 months versus the dollar even amid bets Japan’s government will announce further stimulus.