Euro Rises as Growth Signs Damp ECB Stimulus Bets; Krona Gains

The euro strengthened for a third day against the dollar after a German report showed unemployment fell more than economists forecast, adding to signs the region’s recovery is gathering momentum.

The 18-nation common currency climbed to a two-week high versus the yen as a measure of Spanish manufacturing also increased, damping speculation the European Central Bank will boost stimulus when it meets April 3. Sweden’s krona rallied for a second day on factory output that unexpectedly accelerated. South Africa’s rand fell as manufacturing growth slowed more in March than economists predicted. South Korea’s won rose to the strongest in six weeks as exports increased.