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Euro Advances Amid Central Bank Stimulus Speculation

“The euro climbed to the strongest level against the dollar in almost seven weeks as speculation the U.S. and China will ease monetary policy spurred demand for currencies that perform better as the global economy expands.

Europe’s shared currency rose against the yen before Germany and France hold debt-crisis talks in Berlin today. The dollar fell for a fourth day before a report forecast to show sales of new houses in the U.S. increased in July and after Federal Reserve Bank of Chicago PresidentCharles Evans broadened his call for additional measures to support growth. New Zealand’s dollar appreciated against all but one of its major counterparts as Asian stocks gained.”

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