Thursday September 09 , 2010
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Dollar Slips Slightly As Investors Take Profits

Dec 29 |08:19 AM
The dollar moved lower against major rivals in Asian trade Friday, as investors took profits on Thursday's firm gains ahead of the weekend. The dollar bought 90.18 yen, down from 90.35 yen in late North American trading on Thursday. The pair stuck to a very narrow range, with the greenback trading between 90.12 yen and 90.32 yen. On Thursday, the dollar rose against major counterparts amid calls for the U.S. currency to strengthen by leaders gathered in Singapore at a meeting of finance ministers from the Asia-Pacific Economic Cooperation (APEC) group.

U.S. Treasury Secretary Timothy Geithner also said the government's borrowing needs would be substantially less than expected.

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