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Euro Slides, Yen Jumps as West Isolates Russia: Markets Wrap
The euro slid and the yen rose Monday amid heightened market uncertainty after Western nations over the weekend unveiled harsher sanctions on Russia for the invasion of Ukraine, including against its central bank. The euro shed about 1% against the dollar on worries about risks for Europe’s economy, while the yen -- a traditional haven in times of stress -- advanced some 0.2%. Commodity-linked currencies and the pound declined. Bitcoin, the world’s largest cryptocurrency, dropped below $38,000. Equity futures for Japan, Australia and Hong Kong climbed earlier, reflecting a Wall Street rebound Friday, but the ... (full story)