Currency Volatility Rises to 2-Week High Before ECB Meets

A gauge of currency volatility among Group of Seven nations rose to the highest in two weeks before the European Central Bank meets tomorrow amid speculation on what policy makers may do to spur the region’s sluggish economy.

The euro fell versus most major peers. The dollar stayed higher against the euro after a Federal Reserve report said the U.S. economy expanded at a modest to moderate pace last month. The greenback rose versus the yen after an index of U.S. service industries increased more than forecast in May. Canada’s currency fell as the central bank said the nation still faces risks from low inflation.