The dollar slipped on Thursday after a raft of data showed the U.S. economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan will shift away from ultra-loose monetary policy.
by the most in a year in December and manufacturing output suffered its biggest drop in nearly two years, stoking fears that the world's largest economy is headed for a recession.
The euro was last up 0.23% against the dollar at $1.082. It hit a nine-month high of $1.089 on Wednesday before paring its gains. Meanwhile, the dollar fell against the Japanese yen and was last 0.57% lower at 128.17 yen. That almost unwound the previous day's rally, which came after theDefying market expectations, the BOJ kept its interest rate targets and policy of yield curve control intact, and insteadThe decision sent the yen plunging some 2% against the greenback, although the currency later rebounded to finish roughly 0.6% lower.
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