Yen, euro head for worst weekly loss in a year
Government
NEW YORK :The yen stabilised on Friday but was headed for its steepest weekly drop in a year as the chances of a near-term rate hike faded, while the euro held near two-month lows, hurt by the political crisis in France. The Japanese currency has dropped on concerns that the Bank of Japan may not hike interest rates again this year after fiscal dove Sanae Takaichi's surprise victory to lead the ruling party, stoking worries of Japanese authorities needing to step in to support the yen.
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