US$ slips on fears China may hit global growth
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Tokyo
THE US dollar slipped against the yen and euro on Monday on fears that China's economic malaise could drag on global growth, reversing a rally that had been fuelled by hopes of a September US rate rise.
In Tokyo afternoon trade, the US dollar weakened to 121.10 yen from 121.52 yen late on Friday in New York. The euro rose to US$1.1249 and 136.24 yen from US$1.1188 and 135.97 yen in US trade.
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