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Jan 14, 2014

Dollar extends gains on yen after retail sales data

NEW YORK (Reuters) – Stronger-than-expected December U.S. retail sales data and a record Japanese current account deficit helped push the U.S. dollar higher against the yen on Tuesday while mixed signals among European central bankers kept the euro in check.

The greenback rebounded after two days of losses, backed by a report showing U.S. consumers spent more than expected in December which contrasted against last week’s weak U.S. jobs report.

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    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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