March 9 (Bloomberg) — The yen may extend its decline against most of its major counterparts after investors’ appetite for higher-yielding assets was stoked by speculation that wealthier European nations will rescue Greece financially if needed.

 

The yen fell against most of its major counterparts as investors’ appetite for higher-yielding assets was stoked by speculation that wealthier European nations will rescue Greece financially if needed.

 

Russia may scrap the ruble and introduce a common currency with Belarus and Kazakhstan as the nations broaden their alliance and seek to reduce their dependence on the dollar, First Deputy Prime Minister Igor Shuvalov said Friday.