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NEW YORK: The dollar on Tuesday slipped against the euro and the yen amid persistent jitters over the US economic recovery.
The euro rose to 1.2681 dollars in New York at 2100 GMT from 1.2663 dollars late Monday.
The US currency continued its fall against the Japanese currency, fetching 84.22 yen compared to 84.55.
"The rotation from the dollar into the other safe-havens continued as uncertainty on the economic outlook persists following several data releases and the latest FOMC minutes," said UBS analyst Brian Kim.
Markets were buoyed after the Conference Board, a business research firm, reported Tuesday that its consumer confidence index rose unexpectedly in August to 53.5, beating most economists' forecast of 50.0.
But the mood turned sour after minutes from the latest meeting of the Federal Reserve's top committee underscored concerns that the pace of the US economic recovery was slower than hoped for.
"General risk aversion remains in place, and that is why the yen and Swiss franc remain steadily bought, as for the past three weeks," said Bank of New York Mellon analyst Samarjit Shankar.
The yen, which hit a 15-year high against the dollar last week, continued to rise despite the Bank of Japan's decision on Monday to expand a multi-billion-dollar loan scheme to boost liquidity, amid hopes it would take the heat out of the Japanese currency.
The soaring yen is hampering the export sector that is key to the Japanese economy's health.
"The combination of demand for yen due to reinvestment flows and the lack of appetite for US dollars because of the weakening economic outlook pushed the dollar-yen to a 15-year-low of 83.58 last week and the currency pair now appears poised to test that level once again," said analyst Kathy Lien of Global Forex Trading.
Against other key currencies, the dollar fell to 1.0144 Swiss francs from 1.0254 on Monday while the British pound was down to 1.5346 dollars from 1.5460.
- AFP/de
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