The euro traded 0.2 percent
from an 11-month low as European nations prepare to sell bonds amid concern the
region’s debt crisis is far from resolution.
The dollar held gains from 12 December against most
of its 16 major counterparts after the Federal Reserve said the U.S. economy is
maintaining its expansion and refrained from taking new action to lower
borrowing costs, easing concern policy makers are
devaluing the world’s reserve currency. The yen was near the highest level in
more than two months versus the 17-nation euro as Asian equities dropped,
boosting demand for safer assets.
The euro traded little changed at $1.3035 from
$1.3037 on 12 December in New York, when it touched $1.3009, the lowest since
Jan. 12. The yen fetched 101.63 per euro from 101.68, after rising to 101.47 on
12 December, the strongest since Oct. 4. The dollar was little changed at 77.97
yen.