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Тhe yen erased its gain versus the dollar after the Nikkei newspaper reported that the government and central bank will form a team of senior officials to oversee steps designed to address the currency’s strength.
The Australian dollar rose against the U.S. currency as a rally in stocks and commodities spurred demand for higher-yielding assets.
The euro erased its drop as Germany’s Chancellor Angela Merkel said the Oct. 23 summit of European leaders will send a signal to defend the currency.
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