The yen weakened, dropping most against its higher-yielding peers, as the latest round of international sanctions against Russia failed to damp speculation of a strengthening global economic recovery.
The euro fell for the first time in six days after German inflation accelerated less than economists forecast in April, increasing pressure on the European Central Bank to add stimulus. South Korea’s won advanced to the strongest level since 2008 after the nation said its current-account surplus widened. Russia’s ruble climbed after the sanctions over Ukraine failed to penalize the country’s major companies or banks.
The yen fell 0.2 percent to 102.70 per dollar at 8:42 a.m. New York time after dropping 0.3 percent yesterday. It was little changed at 141.92 per euro. Europe’s shared currency declined 0.3 percent to $1.3817 after touching $1.3879, matching the strongest level since April 11.
The yen declined 0.7 percent against the won, 0.6 percent versus the South African rand and 0.4 percent against the Norwegian krone.
No comments:
Post a Comment