Currencies
Currencies News
Yen Retreats as Russian Stocks Gain After Crimea; Aussie Rises
The yen weakened, unwinding some of last week’s gains, as a rally in Russian stocks eased concern that Crimea’s vote to leave Ukraine will lead to an immediate increase in tensions between Russia and the West.
Emerging Currencies Retreat as Crimea Vote Boosts Micex, Wheat
Emerging European currencies declined versus the dollar, Russian shares rose from their lowest since 2010 and wheat gained after Crimea’s disputed vote to leave Ukraine. Chinese equities climbed as the yuan dropped after the government widened the currency’s trading band.