US dollar declines against most major currencies

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New York, Aug 16 (IANS) The US dollar slipped against most major currencies on Monday as recent downbeat economic data from the country dented market expectation for an interest-rate hike soon.

In late New York trading, the euro rose to $1.1185 from $1.1171 in the previous session, while the dollar bought 101.23 Japanese yen, higher than 101.14 yen in the previous session, Xinhua news agency reported.

–IANS

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