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LONDON, Sept 12: The dollar survived a knee-jerk sell-off on Tuesday, prompted by news that the US trade deficit in July expanded to record levels, and gained some ground against the euro.
The single European currency in late-day trade was at $1.2692 after $1.2700 late Monday in New York. The dollar was meanwhile trading at 117.78 yen, up from 117.63 on Monday. On the London Bullion Market, the price of an ounce of gold climbed to $590.70 per ounce from $588 late on Monday.—AFP
