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Dollar pulls back against yen, steadies against euro

Wednesday 31 December 2014

The dollar lost ground versus the Japanese yen Tuesday, giving back recent gains as an upbeat year for the U.S. currency draws to a close.

Versus the yen, the dollar USDJPY, +0.16%  traded at ¥119.56 from ¥120.69 late Monday in New York. The U.S. currency has climbed 13.6% against the Japanese currency this year.

The euro EURUSD, -0.01%  meanwhile continued to plumb two-year lows versus the dollar, fetching $1.2155 in recent action, little changed from $1.2153 late on Monday. It has slumped 11.6% against the greenback this year.

The WSJ Dollar Index BUXX, -0.05% a measure of the dollar against a basket of major currencies, fell 0.42 point to 82.64. The ICE dollar index DXY, +0.02%  , a measure of the U.S. unit against a basket of six major rivals, slipped to 89.992 versus a late Monday level of 90.207.

The pound GBPUSD, +0.00%  exchanged hands at $1.5555, compared with $1.5518 on Monday.


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