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LONDON, April 21: The dollar marked time on Thursday as markets ignored an improvement in the US labour market and focused on the possibility of slow US growth alongside high inflation, also known as stagflation. The single European currency eased to $1.3081 in early European trading, from $1.3084 late on Wednesday in New York.
The dollar stood at 106.83 yen, virtually unchanged from Wednesday. US initial jobless claims dropped to 296,000 in the week ended 16 April, the lowest level since the first week of February.—AFP
