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Dollar falls after weak U.S. economic data

Published 09/06/2016, 10:38 AM
© Reuters. Australian dollar denominations shown in a photo illustration at a currency exchange in Sydney

By Dion Rabouin

(Reuters) - The dollar fell on Tuesday after the release of a report on U.S. economic data that showed its worst reading since February 2010 and the largest one-month drop since November 2008.

The dollar fell to a one-week low against the Japanese yen , slipping to 102.42 yen per dollar. The euro and British pound both rose against the dollar, with the pound touching a fresh seven-week high at $1.3414 and the euro touching a session high of $1.1220 after the data.

© Reuters. Australian dollar denominations shown in a photo illustration at a currency exchange in Sydney

The Institute for Supply Management's non-manufacturing purchasing managers' index fell to 51.4 last month, badly missing economists' expectations by more than 4 points.

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