The euro declined against the yen for the first time in three days after European Central Bank Vice President Vitor Constancio said policy makers may consider buying government debt next quarter.
The euro dropped the most in 12 weeks against the yen as European Central Bank President Mario Draghi said policy makers would broaden asset purchases if the inflation outlook for the region slowed.
The euro declined against the dollar after Reuters reported the European Central Bank is looking to buy corporate bonds on the secondary markets, damping demand for the shared currency.
The dollar declined for the first time in three days after Federal Reserve officials said a worldwide economic slowdown may delay interest-rate increases, damping demand for the U.S. currency.
The dollar fell the most in two weeks on speculation the currency strengthened too rapidly in September and before factory orders data today that may highlight the uneven nature of the U.S. recovery.
Treasury 10-year note yields touched the highest level in two months amid speculation the Federal Reserve will delete reference to interest rates staying low for a “considerable time” when it meets this week.
The yen dropped from a three-week high as tensions eased in Ukraine and the U.S. showed signs of pushing back militants in Iraq, reducing haven demand.
About 76 percent of the S&P 500 companies that have posted results this season beat analysts’ profit projections, and 70 percent topped sales estimates.
Corn dropped to the lowest level in almost four years on expectations that a record crop will boost global supplies.
Corn fell ahead of a U.S. report expected to show the country’s stockpiles rose the most in nine years, amid an outlook for a record domestic crop. Wheat was on track for the biggest quarterly drop in three years.