Euro Falls to Almost Nine-Month Low as Confidence Sags
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The euro fell to almost the weakest since November after investor confidence in Germany slumped to the lowest level since 2012, adding to concern Europe may be entering a Japanese-style deflationary spiral.
A gauge of the dollar was at almost the strongest since February as job openings rose to the highest level in more than 13 years before a report tomorrow forecast to show U.S. retail sales grew for a sixth month. German bund yields dropped toward 1 percent on bets the European Central Bank’s stimulus measures are insufficient to boost inflation. Ukraine’s hryvnia fell to a record low as turmoil with Russia deepened. New Zealand’s currency dropped after the housing market slowed.