March 11 (Bloomberg) -- The dollar and the yen gained after China’s government said exports plunged by a record last month, reviving demand for the two currencies as a refuge from the deepening global recession. The U.S. and Japanese currencies strengthened versus those offering higher yields such as the Australian dollar after China’s customs bureau said the trade surplus narrowed to the least since February 2006. The euro fell for the first time in four days against the yen on speculation European Central Bank council member Erkki Liikanen will signal policy makers may cut interest rates further. South Korea’s won rose for a fourth day, the longest stretch this year.
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