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Bloomberg | Yen Rises as U.S. Debt Impasse Encourages Demand for Refuge; Euro Slumps
The yen appreciated 0.9 percent to 111.04 versus the euro at 9:15 a.m. in New York, from 112.04 yesterday, after touching 110.83, the strongest level since July 18. The yen gained 0.2 percent to 77.84 per dollar, from 77.98, after advancing yesterday to 77.57, the strongest since it hit a postwar high of 76.25 on March 17. The dollar was little changed at 80.21 Swiss centimes after touching a record low 79.90. The euro slid 0.7 percent to $1.4267 after dropping 1 percent yesterday.
