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Dollar briefly extends losses vs euro and yen after US data

by on September 28, 2012 12:52 pm BST
 

NEW YORK, Sept 28 |
Fri Sep 28, 2012 8:52am EDT

(Reuters) – The dollar briefly extended
losses versus the euro and Japanese yen on Friday after U.S.
data showed U.S. consumer spending rose in August by the most in
six months as households stretched to pay for higher gasoline
prices.

The data pointed to lackluster economic growth in the third
quarter.

The euro last traded at $1.2918, nearly flat on the
day and where it was trading before the data. It traded as high
as $1.2925 after the data.

The dollar last traded at 77.62 yen, up 0.1 percent
on the day and where it was trading before the data. It traded
as low as 77.58 after the data.