The euro was within 1 percent of an 11-year low against the dollar amid speculation the European Central Bank will announce additional stimulus when it meets this week.
The shared currency is down this month against all major counterparts after the Swiss National Bank™s move to abandon the franc™s cap versus the euro spurred investor expectations the ECB will announce government bond purchases, also known as quantitative easing. The Swiss currency was little changed after rallying last week versus every peer. The dollar held an advance versus the yen after U.S. consumer confidence surged.
The euro was little changed at $1.1560 as of 9:53 a.m. in Tokyo after reaching $1.1460 on Jan. 16, the weakest since November 2003. The 19-nation currency traded at 99.36 Swiss centimes after plunging 17 percent last week. The dollar was at 117.52 yen after jumping 1.2 percent on Friday.