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Markets

Dollar hits 7-month low vs yen before Fed decision

Published September 13, 2012 Updated September 13, 2012 05:34am

DollarSINGAPORE: The dollar hit a seven-month low versus the yen on Thursday, pressured by ongoing market expectations for the US Federal Reserve to announce more monetary stimulus steps following its policy meeting later in the day.

 

The greenback fell as low as 77.651 yen on trading platform EBS, its lowest since mid-February, and last stood at 77.69 yen, down 0.2 percent from late US trade on Wednesday.

 

Copyright Reuters, 2012

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