Yen Touches 5-Month High Against Euro on Ukraine, Gaza
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The yen touched the strongest level since February against the euro as investors sought haven assets after a Malaysia Airlines plane was shot down over Ukraine and amid escalating tension in the Gaza Strip.
Japan’s currency headed for a second weekly advance versus the euro as shares dropped across Asia. Malaysia’s ringgit and India’s rupee declined, while the Russian ruble reached a two-month low. A gauge of the greenback climbed to the highest in four weeks before a report today that may show a measure of U.S. consumer confidence climbed this month, supporting the case for an interest-rate increase from the Federal Reserve.