Radiation levels that can prove fatal were detected outside reactor buildings at Japan’s Fukushima Dai-Ichi plant for the first time last week. Elevated radiation levels have been detected in crops grown near the stricken plant as well as the water supply in Tokyo, 220 kilometers to the south, and other regions.
“Fundamentals have shifted in Japan because, when this is said and done, Japan’s trade surplus will shrink dramatically or even turn in to a deficit” as the country focuses on rebuilding, said Greg Anderson, a currency strategist at Citigroup Inc. in New York.
Canada’s dollar climbed to a three-year high and Mexico’s peso reached the strongest since October 2008 against the greenback on expectations the nations will benefit from accelerating growth in their biggest trading partner.
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