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Friday, October 31, 2008

Dollar, euro extends losses vs yen on stock slide

The dollar and the euro extended losses against the yen on Friday as a steep fall in Tokyo share prices renewed investor concern over riskier assets.

The dollar fell as low as 96.35 yen after hitting the day's high at 99.05 yen
on trading platform EBS. The U.S. dollar was trading at 96.50 yen, down 2.1
percent on the day.

The euro dropped 3.9 percent to 122.25 yen, sliding from the day's peak at
127.54 yen.

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