The dollar declined against the euro as stocks rose after Goldman Sachs Group Inc. raised its view on large banks, encouraging investors to buy higher-yielding assets at the expense of the U.S. currency.
The greenback earlier weakened after the Group of Seven finance officials refrained over the weekend from calling for measures to bolster the world’s main reserve currency. The yen pared gains against the dollar after Japanese Finance Minister Hirohisa Fujii said the government will intervene if the yen moves in a “biased” direction.
The dollar slid 0.3 percent to $1.4614 per euro at 10:12 a.m. in New York, from $1.4576 on Oct. 2. It fell to a one-year low of $1.4844 on Sept. 23. The yen depreciated 0.1 percent to 131.05 per euro, from 130.90, and gained 0.2 percent to 89.67 per dollar, compared with 89.81 at the end of last week, after earlier advancing as much as 0.6 percent.
The greenback earlier weakened after the Group of Seven finance officials refrained over the weekend from calling for measures to bolster the world’s main reserve currency. The yen pared gains against the dollar after Japanese Finance Minister Hirohisa Fujii said the government will intervene if the yen moves in a “biased” direction.
The dollar slid 0.3 percent to $1.4614 per euro at 10:12 a.m. in New York, from $1.4576 on Oct. 2. It fell to a one-year low of $1.4844 on Sept. 23. The yen depreciated 0.1 percent to 131.05 per euro, from 130.90, and gained 0.2 percent to 89.67 per dollar, compared with 89.81 at the end of last week, after earlier advancing as much as 0.6 percent.
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