Euro Climbs Most in 3 Weeks on Signs of German Economic Growth

The euro rallied the most in three weeks against the dollar as German industrial production unexpectedly rose for a second month in March, a sign that Europe’s largest economy may be returning to growth.

New Zealand’s dollar fell to a five-week low versus its U.S. peer after Reserve Bank Governor Graeme Wheeler said the central bank has sold the currency and may do so again. Norway’s krone gained the most against the greenback of its 16 most-traded peers after policy makers declined to lower the benchmark rate. Stanley Druckenmiller, who made $1 billion for George Soros as his chief strategist by forcing a devaluation of the pound in 1992, said investors should bet against Australia’s dollar.