Oct. 15 (Bloomberg) — The yen weakened against most of its major counterparts as a report showed U.S. retail sales rose more than forecast in September, reducing demand for safety.
Japan's currency fell for a third day versus the dollar and euro. The Mexican and Swedish currencies climbed versus their major peers, while the euro touched a one-week high against the yen after German Finance Minister Wolfgang Schaeuble said a Greek sovereign default "will not happen." South Africa's rand slid for a second day versus the dollar after Standard & Poor's cut the country's credit rating Oct. 12.
"Good retail sales should be decent for risk-taking at this point," Brian Kim, a currency strategist at RBS Securities Inc. in Stamford, Connecticut, said in a telephone interview. "The dollar is getting a little boost. The data is helpful to the U.S. dollar versus yen."
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