Dollar in doldrums as euro near 9-month peak, yen bounces

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Reuters UK

By Kevin Buckland TOKYO (Reuters) – The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge the risks of a U.S. recession and the path for Federal Reserve policy. Europe’s single currency was buoyed on Monday by comments from European Central Bank officials pointing to aggressive policy tightening. The U.S. dollar index – which measures the greenback against a basket of six peers, including the euro and yen – slipped 0.09% to 101.92, heading back towards the 7-1/2-month low of 101.51 reac…

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