- Published on Monday, 02 July 2012 14:42
- Written by Bloomberg.com
The euro fell, reversing its biggest gain versus the yen in more than 15 months, as a report showed unemployment in the 17 countries sharing the currency climbed to a record in May.
The common currency weakened against all except one of its 16 most-traded peers after jumping the most against the dollar in eight months on June 29 as regional leaders eased terms on loans to Spanish banks. The European Central Bank will probably lower the key interest rate a quarter-percentage point on July 5, a Bloomberg News survey showed. Mexico’s peso traded near its highest in a month after a presidential election. Full story