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Greenback slips after weak US and China data

Tokyo

THE US dollar extended its losses against the yen and euro on Monday as weak US and Chinese data fuelled concerns about the global economy, and bolstered the case against a December rate rise.

The US government said on Friday that consumer spending rose only by 0.1 per cent in the United States in September, less than expected and the slowest rate since January. More US figures, including jobs data, is on tap for later in the week.

The strength of the US economy is key to a Federal Reserve move...

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