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Dollar\\\'s yen rally stalls in Asia

November 27, 2014 00:00:00


TOKYO, Nov 26 (AFP) : The yen rose against the dollar Wednesday as a recent sell-off in the unit ran out of steam following mixed US economic data, while Japan's top central banker raised concerns about its weakness.

In Tokyo, the greenback weakened to 117.76 yen from 117.97 yen in New York.

The euro was also lower at $1.2471 and 146.94 yen compared with $1.2473 and 147.18 yen in the US, where it had rallied on news that Germany had narrowly averted falling into a recession.

The US Commerce Department said Tuesday that third-quarter growth came in at 3.9 per cent, up from a previous estimate of 3.5 per cent and easily beating expectations for 3.2 per cent.


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