Chancellor vowed to press on with tax cuts that threaten to stoke inflation. The euro fell as investors weighed the prospects of Italy under the most right-wing government since World War 2.
A dollar gauge rose to a record high. The yen slid, while remaining short of the point last week that drew intervention from Japanese authorities.than 7 per dollar for the first time in two years, while increasing the risk reserve requirement on foreign exchange sales. The Bank of Japan boosted its bond purchase amounts at its regular operation as the benchmark 10-year yield rebounded toward the upper end of the central bank’s tolerated trading range.
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