BLBG:Euro Erases Earlier Advance Against Dollar, Yen to Trade Little Changed
The euro erased earlier gains versus the dollar and the yen to be little changed.
The 17-nation currency traded at $1.3464 at 6:29 a.m. in New York, after earlier rising as much as 0.8 percent. It was at 102.62 yen.
The single currency earlier rose from a decade low against the yen and strengthened versus the dollar after the Group of 20 nations pledged a “strong and coordinated” response to challenges facing the global economy.
The G-20 nations are “committed to a strong and coordinated international response to address the renewed challenges facing the global economy,” finance chiefs said in a statement released after talks in Washington.
To contact the reporters on this story: Garth Theunissen in London gtheunissen@bloomberg.net; Candice Zachariahs in Sydney at czachariahs2@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
