Economics
Euro Gains on Manufacturing Expansion; Dollar Climbs Versus Yen
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The euro advanced against the majority of 16 most-traded peers after purchasing-manager indexes showed manufacturing in the currency bloc unexpectedly expanded in July, bolstering demand for the region’s assets.
The dollar climbed versus the yen for the first time in three days as U.S. Treasury yields increased, boosting the greenback’s allure. The euro slipped versus the American currency after data showed U.S. sales of new homes rose more than forecast. The European Central Bank meets Aug. 1. A gauge of volatility among Group-of-Seven currencies was up for the first time in 10 days. New Zealand’s dollar gained as the nation’s central bank held its key interest rate at 2.5 percent.