BLBG:Euro Strengthens Versus Dollar, Yen After ECB Says Credit Crunch Averted
The euro strengthened against the dollar and the yen as Italy prepared to sell bonds and after European Central Bank President Mario Draghi said policy makers have averted a credit shortage.
The 17-nation currency rose 0.4 percent to $1.2864 as of 3:09 p.m. in Tokyo, and gained 0.4 percent to 98.72 yen.
To contact the reporter on this story: Kristine Aquino in Singapore at kaquino1@bloomberg.net
To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net
