“The yen fell for a third day, approaching 100 per dollar, as a decline in the U.S. jobless rate to a four-year low fueled optimism that growth is gathering pace, reducing demand for Japan’s currency as a haven.
The euro strengthened against the yen as data showed the region’s services and manufacturing industries shrank less in April than initially estimated. Australia’s currency slid after a report today showed retail sales shrank. The Malaysian ringgit rose to the highest in 1 1/2 years against the dollar after Prime Minister Najib Razak’s coalition was re-elected. Sweden’s krona weakened as a report showed the slump in the nation’s services eased less than economists predicted…”
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