(Bloomberg) - The Japanese yen traded near the strongest in more than a month against the dollar as concern the global economy will slow prompted investors to cut bets on assets funded by loans in the currency.
The yen climbed against 12 of the 16 most-actively traded currencies before reports that may show U.S. unemployment increased, bolstering speculation the world's biggest economy is losing momentum. Reports yesterday showed growth in Europe's manufacturing industry slowed in December and Singapore's economy unexpectedly shrank last quarter.
Read more at Bloomberg
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