Yen Weakens From 3-Week High on Reduced Haven Demand
This article is for subscribers only.
The yen dropped from a almost three-week high versus the dollar as tensions eased in Ukraine and the U.S. showed signs of pushing back militants in Iraq, reducing haven demand.
The euro fell toward the lowest since November as data showed investors were the most bearish on the currency in two years. Indonesia’s rupiah led emerging-market currencies higher on bets judges will dismiss an election challenge. Canada’s dollar gained for the first time in three days as housing starts topped forecasts for a fourth month. The pound rose versus the euro. Stocks climbed globally.