Dollar Falls to 15-Year Low Versus Yen on Fed Easing Outlook
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The dollar fell to a 15-year low against the yen as slowing inflation added to speculation the Federal Reserve will have greater latitude to expand asset purchases next week to support the economic recovery.
The euro dropped against Japan’s currency as European Union discussions on a permanent mechanism to deal with nations facing default raised concern the region’s debt crisis may intensify again. The dollar extended its drop against the yen as a report before next week’s central bank meeting showed U.S. consumer prices increased at a reduced pace.