Dollar Declines Against Peers Before Fed Speech; Yen Pares Gains
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The dollar declined against the euro, snapping a three-day gain, ahead of a speech by a Federal Reserve official who may reiterate the case to maintain monetary stimulus.
The Dollar Index fell before Fed Reserve Vice Chairman Janet Yellen speaks in Washington today. The yen trimmed gains after Haruhiko Kuroda, a potential candidate to head the Bank of Japan, said additional monetary easing can be justified for 2013. The BOJ holds a policy meeting this week. The Australian dollar weakened after data showed home-loan approvals slid.