Dollar, Yen Advance as Asian Stocks Declines Spur Safety Demand
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The dollar and yen strengthened against most of their major counterparts as a decline in Asian stocks boosted demand for safer assets.
The U.S. currency rose to $1.4787 per euro as of 10:31 a.m. in Tokyo from $1.4825 yesterday in New York. The yen gained 0.4 percent to 119.55 per euro.