Euro Near Week-High Before PMI Reports; Rupee Slides to Record

The euro traded near the highest level in more than a week before manufacturing and services data that may add to evidence of the region’s strengthening recovery from a six-quarter contraction.

The dollar held gains versus most major peers after Treasury yields climbed to a two-year high yesterday and as investors await Federal Reserve meeting minutes due tomorrow for clues on when it will reduce stimulus. India’s rupee slid to a record and Indonesia’s rupiah slumped to the lowest level since April 2009 on concern funds will flow out of Asian markets as the U.S. recovers. New Zealand’s dollar fell after the central bank governor said the currency was overvalued.