Euro Strengthens as Six Central Banks Ease Funding; Yen and dollar Weaken - by Catarina Saraiva

The euro gained the most in a month against the dollar after the Federal Reserve and five other central banks acted to make more funds available to lenders as Europe’s debt crisis threatens global economic growth.

The dollar fell against all of its 16 most-traded peers and the yen declined as investors sought higher-yielding assets. China lowered reserve requirements for banks earlier for the first time since 2008. Australia’s dollar and South Africa’s rand climbed.

For more: Euro Strengthens as Six Central Banks Ease Funding; Yen Weakens - Businessweek