The euro headed for its worst month against the dollar since March. REUTERS/Thomas Hodel
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The increased likelihood for added central-bank stimulus in Europe amid rising odds for tighter policy in the U.S. sent the euro to its weakest level since April and widened the yield gap between German and American notes to the most in nine years.Emerging-market stocks slumped toward the worst month since August.The benchmark measure is heading for a 2.6 percent monthly gain after rising 8 percent in October.The euro fell as low as $1.0563, its weakest level since April. The currency has weakened 3.9 percent in November, its biggest loss since a 4.2 percent decline in March, when the ECB embarked on its 1.1 trillion-euro asset-purchase program.The dollar is headed for a 2.1 percent gain versus the yen this month, the most since May.The yield on 10-year Treasury notes was little changed at 2.22 percent, with the rate higher by eight basis points in November.The yield on U.S. two-year notes has climbed about 20 basis points in November, set for the biggest monthly gain since December 2009, while equivalent German bond yields have dropped the most since January 2014 .The Shanghai Composite Index gained 0.3 percent and ended November up 1.9 percent, its second monthly gain.
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