Yuan borrowing costs jump offshore on suspected intervention Aussie, krone lead gains in currencies of commodity producers Share on Facebook Share on Twitter The euro extended gains and stocks fell after policy makers made no changes to their monetary policy. Oil climbed on signs a U.S. glut is easing. The euro strengthened against most of its major peers after the ECB kept its key interest rates unchanged. European shares slipped and Spanish bonds pared gains. Crude rose above $46 a barrel, spurring gains in currencies of commodity-producing countries. Yuan borrowing costs surged to the highest since February amid speculation China is taking steps to deter bets on depreciation. While the ECB left policy unchanged, investors will be looking toward President Mario Draghi’s press conference for insight on tweaks to quantitative easing. In the U.S., data on jobless claims are due after prospects for an interest-rate increase in September faded amid data showing slowdowns in hiring and business activity. “I think disappointment prevails,� said Christoph Rieger, head of fixed-rate strategy at Commerzbank AG. “Some in the market were speculating on QE measures. Today’s decision should take the edge out of this speculation. The euro rose 0.5 percent to $1.1298 as of 7:54 a.m. in New York . The Stoxx Europe 600 Index slipped 0.2 percent. Futures on the S&P 500 were little changed, after the U.S. measure barely moved in the last session.

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