BLBG: Euro Erases Advance Against Dollar After China Raises Bank Reserve Ratio
The euro erased an advance against the dollar after China’s central bank said it will raise the reserve requirement ratio for the nation’s lenders by 50 basis points from Jan. 20.
The euro traded little changed at $1.3374 as of 9:58 a.m. in London, after rising as much as 0.7 percent. It was also little changed against the yen, at 110.73.
