The euro rose for the first time in three days against the dollar after European Union President Herman Van Rompuy said the region’s rescue fund is ready for rapid action to aid Spanish banks. Europe’s shared currency climbed from a one-week low against the yen after European Central Bank President Mario Draghi canceled his trip to the annual Jackson Hole symposium and Spain sold more bills than its maximum target at an auction. Norway’s krone climbed to the strongest level in more than three months against the dollar amid speculation the central bank will refrain from lowering interest rates tomorrow. The euro rose for the first time in three days against the dollar after European Union President Herman Van Rompuy said the region’s rescue fund is ready for rapid action to aid Spanish banks. Europe’s shared currency climbed from a one-week low against the yen after European Central Bank President Mario Draghi canceled his trip to the annual Jackson Hole symposium and Spain sold more bills than its maximum target at an auction. Norway’s krone climbed to the strongest level in more than three months against the dollar amid speculation the central bank will refrain from lowering interest rates tomorrow.

Source