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US$ steadies after record slide versus yen
Published Mon, May 2, 2016 · 09:50 PM
London
THE US dollar recovered slightly on Monday from its biggest weekly fall in more than seven years against the yen, while losing ground against a euro helped by a solid set of manufacturing numbers from Germany.
Worries over Japanese policymakers' inability to stem the yen's rise prodded the dollar to a new low of 106.14 yen in the first hours of Asian trade, before a recovery to 106.64, 0.2 per cent down on the day.
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