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US dollar falls amid downbeat data, lower expectation on Fed rate hikes

By The Assam Tribune

NEW YORK, Dec 7: The US dollar extended losses in late trading on Thursday, as a batch of negative economic data cast a poll over investors sentiment.

In late New York trading, the euro rose to $1.1374 from $1.1340 dollars in the previous session, and the British pound increased to $1.2776 from $1.2736 in the previous session. Xinhua news agency reported.

The Australian dollar decreased to $0.7222 from $0.7264.

The US dollar bought 112.64 Japanese yen, lower than 113.19 Japanese yen of the previous session. The US dollar was down to 0.9931 Swiss franc from 0.9978 Swiss franc, and it rose to 1.3392 Canadian dollars from 1.3384 Canadian dollars. - IANS

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