The
yen fell to a one-week low versus the dollar on reduced demand for safer assets
as Russian and U.S. diplomats met in Paris to address issues surrounding the
political crisis in the Ukraine.
The
dollar decreased against the majority of its 16 major counterparts after
weaker-than-forecast jobs data added to concern the U.S. economy has been
slowed by harsh winter weather. The euro declined against the dollar before the
European Central Bank meets to review monetary policy tomorrow. Canada’s dollar
rose versus the greenback after Bank of Canada Governor Stephen Poloz kept its
benchmark interest rate unchanged and said the next move depends on economic
progress.
The
yen weakened 0.1 percent to 102.30 per dollar as of 5 p.m. in New York after
falling to 102.55, its lowest level since Feb. 26. It appreciated to 101.20 on
March 3, the strongest level since Feb. 5. The yen was little changed at 140.49
per euro. Europe’s shared currency fell 0.1 percent to $1.3733.
(Source:
Bloomberg)