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US$ eases as geopolitical woes boost euro, yen

The global economy is expected to grow by 3.4 per cent in real terms this year, but China's slowdown and continued global pressure on prices could undermine the benefits brought by the US and European recovery, according to the Economic Intelligence Unit (EIU).


THE dollar nursed broad losses on Wednesday as investors cut crowded long positions in the lead-up to the US Thanksgiving holidays, and as heightened geopolitical tensions boosted demand for the euro and yen.

The greenback had hit an eight-month high against a basket of