Disappointing German, French, and Italian PMI reports helped send the euro to almost $1.1985, its lowest level in about two and a half weeks, and weighed on other regional currencies. The dollar-bloc currencies are doing firmer, led by the New Zealand dollar. The Reserve Bank of New Zealand indicated it was prepared to tighten mortgage restrictions further, and it reported an unexpected decline in unemployment in Q1. Emerging market currencies are mostly lower, led by Eastern and Central Europe. Asian currencies were quiet, with China, Japan, and South Korea markets closed for holidays. The JP Morgan Emerging Market ... (full story)