American focus: dollar and the yen declined, euro gained
The dollar and the yen declined as stocks rallied around the world on optimism European leaders are close to an agreement to contain the region’s debt crisis, damping demand for refuge.
The euro gained for a third day versus the dollar after Slovenia approved an expansion to the region’s rescue fund.
The dollar fell 0.7 percent against the euro to $1.3525 at 11:07 a.m. in New York. The greenback rose 0.4 percent to 76.65 yen.
The Swiss franc fell against the dollar and the yen as data showed the country’s consumer demand dropped to the lowest in almost two years in August, adding to signs the economy is cooling.