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December 12, 2008
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Friday
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Zilhaj 13, 1429
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Dollar wilts on gloomy US data
LONDON, Dec 11: The dollar wilted against the euro on Thursday on more disappointing US economic news and as stock markets stabilised, reducing demand for the US currency as a safe-haven investment in times of trouble.
The euro in late day trade was at $1.3279, up from $1.3020 late Wednesday in New York.
The dollar also lost ground to the yen, trading at 91.71 yen after 92.71 on Wednesday. The pound sterling continued its slide against the single currency, falling to 1.1224 euros on news that British business confidence was so far at a 28-year low in Dec.
—AFP
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