Economics
Yen Retreats as Russian Stocks Gain After Crimea
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The yen weakened for the first time in six days against the dollar as rallies in Russian stocks and the ruble damped concern that Crimea’s vote to leave Ukraine would immediately lead to further turmoil in the region.
China’s yuan slid to an 11-month low versus the dollar after the central bank widened its trading band. The euro erased losses against the dollar as the European Union and the U.S. imposed sanctions on individuals in Russia amid the standoff over Ukraine. U.S. stocks rose as a report showed American factory production climbed last month the most since August.