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Haven dollar touches 1½-year high as global growth worries dominate trading
Currency markets attracted flows into perceived havens on Friday, as risk appetite weakened following softer-than-expected economic data from the eurozone and China. The U.S. dollar was up against most of its rivals, with the exception of the Japanese yen USDJPY, -0.23% more evidence that haven interest was driving action as the yen can serve as a safety play in its own right. The ICE U.S. Dollar Index DXY, +0.35% which measures the greenback against six rivals, earlier touched a 1½-year high, according to FactSet, but then retraced some of its gains. The gauge was last up 0.4% at 97.428. For the week it rose 0.9%. ... (full story)