Euro at Almost 3-Month Low on Italy, Economic Data; Aussie Drops
This article is for subscribers only.
The euro traded at the lowest level against the dollar in almost three months as Italy moved toward more elections and before data forecast to show the region’s economy shrank in the fourth quarter of 2012.
The yen rose against most of its 16 major peers as China’s CSI 300 Index of equities dropped by the most in two years, boosting demand for haven assets. Australia’s dollar sank to an almost eight-month low against its U.S. equivalent after building approvals declined. The Dollar Index traded at almost its highest level since August. European Central Bank policy makers, led by President Mario Draghi, will meet on March 7.