The smallest increase in rice stockpiles in five years means global grain inventories will extend a decline that already drove food costs to a record.
The yen and Swiss franc weakened against most of their major counterparts amid speculation policy makers in Japan and Switzerland will take further action to stem gains in their currencies.
Hong Kong stocks jumped, with the Hang Seng Index headed for its highest close in a week, as companies reported improved earnings and rising U.S. retail sales boosted confidence demand is growing in the world’s largest economy.
Britain’s allure as a haven is crumbling as global investors desert sterling amid the lowest inflation-adjusted bond yields on record and a faltering economy.
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