In Germany, the ZEW Center for European Economic Research in Mannheim said its index of investor confidence, which aims to predict economic developments six months in advance, fell to minus 15.7 from minus 11.5 in October. Economists forecast an increase to minus 10, according to the median of 43 estimates in a Bloomberg News survey.
The euro has lost 6.5 percent in the past 12 months, the worst performance among the 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The yen slid 1.1 percent and the dollar rose 2.1 percent.
The pound advanced against its 16 major peers after a report showed U.K. inflation accelerated more than economists forecast in October.
Britain’s currency strengthened 0.1 percent to $1.5888, after declining in each of the previous four days. It rose 0.1 percent to 79.95 pence per euro.
U.K. consumer prices rose 2.7 percent from a year earlier, compared with 2.2 percent in September, the Office for National Statistics said in London today. Inflation was forecast to quicken to 2.4 percent, based on the median of 36 estimates in a Bloomberg News survey.
Implied volatility among major currencies, which signals the expected pace of price swings, fell to 7.34 percent today, according to a JPMorgan Chase & Co. gauge of Group-of-Seven currencies. That’s the lowest since October 2007.
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