Euro Rises to 5-Week High as ECB Refrains From Further Stimulus

The euro rose to a five-week high against the dollar as European Central Bank President Mario Draghi refrained from introducing further monetary stimulus.

The 17-nation currency appreciated against all of its 16 major counterparts as the ECB kept its interest-rate targets unchanged and gave no indication that policy makers will introduce a negative deposit rate that would drive investors into riskier assets. The pound weakened for a third day versus the euro as the Bank of England kept interest rates at a record low. The U.S. economy added 185,000 jobs last month, a Bloomberg survey shows before the Labor Department report tomorrow.