The euro rose amid speculation that the European Central Bank is taking appropriate measures to quell the region’s debt crisis.

Euro gains were supported as the European Union said it had received no requests for the region’s rescue fund to buy government bonds. Norway’s krone climbed after manufacturing increased.

ECB President Mario Draghi outlined a plan last week under which the ECB may buy debt of struggling euro-bloc countries in tandem with the region’s bailout fund, while saying the details still need to be worked out over the coming weeks.

Canada’s dollar gained to a three- month high against its U.S. counterpart as risk appetite increased and crude oil, the nation’s biggest export, rose.