Yen Falls Against Major Peers as Haven Demand Ebbs on U.S. Sales
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The yen weakened against all of its 16 most-traded counterparts except the South African rand as a report showed U.S. retail sales rose more than forecast in September, reducing demand for safety.
The euro fluctuated versus the dollar after an index showed manufacturing in the New York area shrank for a third straight month. The shared currency touched a one-week high against the yen after German Finance Minister Wolfgang Schaeuble said a Greek default “will not happen.” Mexico’s peso climbed versus most major peers, while the rand slid after Standard & Poor’s cut South Africa’s credit rating on Oct. 12.