04:42
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DOLLAR
The dollar may drop toward 75.56 versus the yen after breaching key technical levels amid risk aversion by investors, according to Bank of America Corp.The U.S. currency may be poised for further declines after it closed below the so-called cloud on its weekly ichimoku chart, according to MacNeil Curry, the bank’s New York-based head of foreign-exchange and interest-rates technical strategy.
EURO
The euro declined from a one-week high against the dollar as Spanish Budget Minister Cristobal Montoro called for European Union funds to be used to shore up the nation’s banks.
The 17-nation currency weakened for the first time in three days against the yen after Europeanretail sales fell more in April than economists forecast and German factory orders declined.
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