The euro rose against the majority of its most-traded counterparts as Slovakian lawmakers prepared to vote on a proposal to retool the euro region’s bailout fund.

The 17-nation currency erased its decline versus the dollar as U.S. stocks reversed losses on third-quarter earnings optimism. The euro rallied yesterday the most in a year after Germany and France pledged to deliver a plan to support banks.

The pound weakened as U.K. manufacturing production contracted for a third month.

New Zealand’s dollar fell as the nation’s budget deficit was wider than forecast.