Yen Rises After Pakistan Bombing; Euro Gains on German Data
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The yen strengthened against most of its 16 major counterparts after a bombing in Pakistan killed at least 73 people, boosting demand for Japan’s currency as a refuge.
The euro surged after data showed German economic growth accelerated more than forecast in the first quarter. South Korea’s won dropped to a three-week low after the central bank unexpectedly held off from increasing interest rates.