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Tokyo – NEW YORK (Reuters) – The dollar maintained its gains on Friday, as worries about the world's largest economy shrank under the effect of rising US retail sales, but traders are worried that give too much weight to individual data because of increasing risk prospects.
The dollar is heading for a weekly gain against safe-haven currencies such as the yen and the Swiss franc, suggesting a respite for nervous debt after fears of recession and protests in Hong Kong shook the financial markets.
During Asian transactions, the dollar briefly extended gains and the yen weakened, as Japanese equities wiped out early trading losses and US Treasury yields rose slightly. But the move was partially broken, suggesting a weak trade due to the summer season.
On a basket of six major currencies, the dollar index reached 98,218. After hitting a trough of three weeks on August 9, the dollar index has recovered about 1%. (Reuters)
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