Euro under fire in Asia, stocks sit on gains

The euro came under mounting pressure on Wednesday as the European Central Bank's embrace of negative interest rates encouraged flows out of the zone, while Asian shares consolidated near recent highs. The single currency was slipping across the board as investors looked to borrow euros at super-low rates and buy higher-yielding assets abroad, the so-called carry trade. In contrast the dollar found support in a run of improving U.S. economic data which pushed up Treasury yields and stoked speculation the Federal Reserve might sound less dovish on policy when it meets next week.
Background:
Euro under fire in Asia, stocks sit on gains [Reuters]
Euro drops as Aussie yields track Treasuries; Topix rises [Bloomberg]