US$ retreats after near 13-year high against yen
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London
THE dollar fell from near 13-year highs against the yen on Monday on a media report that the US authorities were uncomfortable with their strong currency, prompting some traders to trim favourable bets on the greenback.
US President Barack Obama was quoted in a Bloomberg report citing an unnamed French official as saying that a strong dollar was a problem. The report came after a group of French reporters met President Francois Hollande on Monday ahead of the second day of the G-7 summit.
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