Yen Rallies Most in Seven Weeks on Ukraine, China; Euro Climbs
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The yen gained the most versus the dollar since January as demand for haven assets surged amid the biggest dispute between Russia and western nations since the Cold War and signs of instability in China’s economy.
The euro rose for a sixth week, the longest stretch since 2007, and reached the highest in more than two years. The ruble slid versus most major peers as the U.S. and Europe threatened more sanctions over Crimea if Russia moves to annex the Black Sea peninsula. The Federal Reserve meets next week amid bets it will cut monthly bond purchases another $10 billion.