Yen Advances as Growth Concern Persists After Fed; Dollar Gains
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The yen gained against the majority of its most-traded counterparts as the Federal Reserve’s pledge to keep interest rates at a record low until mid-2013 failed to convince investors global growth will be buoyed.
The euro fell against the dollar amid speculation Europe’s debt crisis would spread to France, the region’s second-biggest economy. The greenback gained against most major peers. The Swiss franc weakened versus the yen and dollar after the nation’s central bank said it expanded measures to curb the currency’s strength.