The euro slumped to a two-year low versus the dollar as mounting signs of weakness in the regions economy amplify calls for the European Central Bank to ease further when it meets tomorrow.
The dollar touched a seven-year high against the yen as a private report showed U.S. employers added at least 200,000 for the seventh time in eight months. The greenback reached a four-year high versus the Aussie as Goldman Sachs Group Inc. joined Deutsche Bank AG in predicting an interest-rate cut after Australian growth missed forecasts. Russias ruble bounced from a record low amid speculation the central bank intervened to support the currency.
The euro tumbled 0.6 percent to $1.2309 as of 10:01 a.m. New York time, touching the weakest level since August 2012. The dollar rose 0.4 percent to 119.72 yen after reaching 119.75, the highest since August 2007. The euro weakened 0.2 percent to 147.34 yen.
Source : Bloomberg