Euro Falls, Stocks Little Changed as Treasuries Advance
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The euro weakened as European Central Bank policy makers prepared to meet tomorrow amid renewed concern the debt crisis will worsen. U.S. stocks closed little changed while Treasuries advanced.
The euro depreciated 0.5 percent to $1.3519 at 4:10 p.m. in New York, while the dollar gained versus 14 of 16 major peers. The Standard & Poor’s 500 Index closed less than 0.1 percent higher after falling 0.4 percent. Ten-year Treasury yields fell four basis points to 1.96 percent and rates on German bunds lost two points to 1.63 percent. Russia’s 2027 ruble bonds snapped a seven-day slide on plans to open the market to foreign investors. Oil erased an early 1.7 percent drop.