Euro Climbs as ECB Sees Recovery; Aussie Gains on China
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The yen slid to the weakest level since July 2010 against the dollar after a Nikkei report quoted Japanese Prime Minister Shinzo Abe as saying the central bank should include maximum employment among its goals.
The yen has plunged since the election of Abe, who has pledged to increase monetary stimulus to weaken the currency and end deflation. The euro gained the most in five months versus the dollar after European Central Bank President Mario Draghi said the economy should gradually recover and Spain sold more than the target at its first debt auction of 2013, adding to signs the region’s fiscal crisis is easing. The Australian dollar rose for a fifth day as China’s imports increased.