Dollar muted as growth concerns mount, yen retreats

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Reuters UK

By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite, while the yen eased even as speculation swirls that the Bank of Japan (BOJ) will eventually move away from its ultra-easy policy. The dollar index, which measures the U.S. currency against six peers, rose 0.098% to 102.12, not far off the seven-month low of 101.51 it touched on Wednesday. The index is down 1.3% this year after sinking 7.7% in the last three months of 2022 as investors bet that the Federal Reserve will slow the pace of its…

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