LONDON—The euro and other risk-sensitive currencies such as the pound and Australian dollar gained against the U.S. dollar after a German business-sentiment survey surpassed expectations and Spain sold more debt than planned and at a sharply lower cost.
The euro climbed to within a whisker of $1.31 after data from Germany's Ifo Institute showed German business confidence improved in December, defying the economic downturn seen elsewhere in Europe.
That, together with Spain's successful sale of more Treasury bills than planned and at much lower yields, served to improve sentiment toward ...
