“The euro fell to a two-month low versus the dollar as the European Central Bank kept interest rates at a record low and after President Mario Draghi said yesterday the debt crisis was starting to hurt Germany.
The single currency declined against all except two of its 16 major counterparts after Market News International said the ECB was reluctant to start buying government bonds after a decline in borrowing costs. The yen rose as investors sought safer assets amid concern re-elected U.S. President Barack Obama will struggle to avert the so-called fiscal cliff. The pound rose against the euro as the Bank of England refrained from boosting its asset-purchase program.”
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