Euro Falls Versus Dollar on Bets Rally Is Overdone; Real Drops
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The euro fell against the dollar amid speculation the rally that made it the strongest major currency in 2013 is due for a pause as central-bank policies diverge.
The yen gained after dropping to the lowest level since 2008 against the dollar as Bank of Japan Governor Haruhiko Kuroda said policy makers will continue stimulus until inflation stabilizes at 2 percent. The euro dropped versus most major peers a day after Latvia became the currency bloc’s 18th member. Brazil’s real declined to a four-month low and the Turkish lira weakened to a record.