The euro fell below $1.30 for the first time in two months after reports showed the region’s manufacturing contracted in February and unemployment climbed to a record.
Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal.
The euro rose against the majority of its 16 most-traded peers after European Central Bank council member Jens Weidmann said the currency isn’t seriously overvalued.
The Canadian dollar fell against most of its major peers as government officials in Russia and Japan criticized monetary policies that have devalued major currencies in an attempt to spark economic growth.
The euro traded at almost a three-week low against the dollar amid speculation the European Central Bank will signal it is open to cutting its benchmark interest rate when policy makers meet this week.
The yen traded at an almost 20-month low against the dollar after the Bank of Japan boosted monetary stimulus and agreed to review its 1 percent inflation target.
Apple Inc., caving to user outrage over faulty directions in its home-grown navigation tool, has let Google Inc.’s mapping application back onto the iPad and iPhone mobile devices.
The dollar weakened as speculation that Spain will seek a sovereign bailout eased investor demand for the currency as a haven.
The worst U.S. drought in a half century and record feed prices are spurring farmers to shrink cattle herds to the smallest in two generations, driving beef prices higher.
Cocoa rose the most in three weeks in New York on speculation that dry weather will cut output in Ghana, the world’s top grower after Ivory Coast. Sugar, cotton, coffee and orange juice also climbed.