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Dollar steady, yen at October highs after U.S. stocks slide
The dollar was steady against a basket of currencies on Thursday after spooked investors drove U.S. stocks to their worst fall in nearly eight months overnight. The dollar index .DXY, a gauge of its value against six major currencies, fell 0.11 percent to 95.407 on Thursday, after hitting a high of 95.79 in the previous session. The safe-haven yen JPY= strengthened to 112.25 against the dollar, its highest this month, taking heart from risk aversion in the wake of warnings from the IMF over global growth and financial stability. The U.S. Federal Reserve’s apparent determination to raise interest rates over the next ... (full story)