Yen Gains for 2nd Day Before G-20 Meets; Aussie Climbs
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The euro strengthened for a third day against the dollar after a report showed industrial production in the 17-nation region increased more in December than economists forecast.
The common currency appreciated against 13 of its 16 major counterparts as the data added to signs the debt crisis is easing and Europe is emerging from recession. The pound slumped after the Bank of England said risks to the U.K.’s economic recovery are weighted to the downside. Sweden’s krona rallied after the central bank kept interest rates unchanged.