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FX round-up: Yen rally cools as dollar pushes higher
04-03-2014 06:42
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The yen's rally against major currencies cooled on Monday as investors took stock of the crisis in Ukraine and mulled a string of encouraging US economic data.
The dollar rose to ¥101.60 from ¥101.84 on Friday as Russian President Vladimir Putin stepped up military presence in the Crimea region of the Black Sea.
Russia's G8 partners said the move was a "violation of Ukraine's sovereignty" but Putin insits he is only protecting Russia's interests following the ousting of Ukraine's pro-Russian President Viktor Yanukovych last month.
The dollar index, which measures the US currency against a basket of six other rivals, advanced to 80.082 from 79.752 on Friday.
In US economic data the US manufacturing sector, personal income and spending and construction spending all rose in January.
The euro was little changed at $1.3730 after data showed inflation remained stable in the Eurozone.
Elsewhere the British pound changed hands at $1.6661 from $1.6743 on Friday.
CJ
The dollar rose to ¥101.60 from ¥101.84 on Friday as Russian President Vladimir Putin stepped up military presence in the Crimea region of the Black Sea.
Russia's G8 partners said the move was a "violation of Ukraine's sovereignty" but Putin insits he is only protecting Russia's interests following the ousting of Ukraine's pro-Russian President Viktor Yanukovych last month.
The dollar index, which measures the US currency against a basket of six other rivals, advanced to 80.082 from 79.752 on Friday.
In US economic data the US manufacturing sector, personal income and spending and construction spending all rose in January.
The euro was little changed at $1.3730 after data showed inflation remained stable in the Eurozone.
Elsewhere the British pound changed hands at $1.6661 from $1.6743 on Friday.
CJ
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