“The euro climbed for a second day against the dollar and yen amid speculation Spain is moving closer to requesting a sovereign bailout and unlocking European Central Bank bond purchases.
The 17-nation currency advanced with Spanish bonds, rebounding from yesterday’s one-week low versus the dollar, which was reached after Standard & Poor’s downgraded Spain two days ago. Japan’s currency slid before data that economists said will show U.S. consumer confidence was near the strongest since May. Singapore’s dollar appreciated after its monetary authority kept policy unchanged. A report showed euro-area industrial output climbed for a second month in August.”
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