BLBG : Euro Erases Gains as Asian Stock Decline Saps Demand for Yield
Sept. 9 (Bloomberg) -- The euro erased gains versus the dollar and yen as a decline in regional stocks sapped investor demand for higher-yielding assets.
Europe’s single currency traded at 133.68 yen as of 1:04 p.m. in tokyo from as high as 134.17 yen earlier. The euro was at $1.4483 from as strong as $1.4518.
The MSCI Asia Pacific Index of regional shares fell 0.9 percent, while Japan’s Nikkei 225 Stock Average lost 1.2 percent.
