Economics
Yen Gains Most in 2 Weeks on Weak Data, Ukraine; Euro Advances
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The yen rose the most in almost two weeks versus the dollar as the U.S. and China reported weaker-than-forecast economic data amid increasing tensions in the Ukraine.
The euro gained the most since April 9 versus the dollar as manufacturing and services in the currency bloc expanded more than economists forecast. New Zealand’s currency advanced in early trading after the central bank raised its official cash rate. The dollar declined for the first time in nine days versus Japan’s currency after sales of new U.S. homes unexpectedly plunged to the lowest level in eight months. Market volatility slid toward a seven-year low.