Good news for the Greek debt crisis, bad news for your US Dollars.
The euro climbed against the dollar and the yen as a report showed German business confidence rose to the highest level in seven months in February amid progress in taming the region’s debt crisis.
The 17-nation currency increased to the most in more than two months versus dollar as U.S. initial jobless claims held at a four-year low, damping demand for safety. The yen rose against the greenback, snapping a five-day losing streak that was its longest in 10 months. Norway’s krone reached its strongest level against the euro in nine years as a measure of volatility among Group of Seven currencies dropped to a more than a three-year low.