01-02-2016 21:27 via news.yahoo.com

Dollar weakens on views of dovish Fed after BoJ move, weak data

By Sam Forgione NEW YORK (Reuters) - The U.S. dollar fell against a basket of major currencies on Monday on the view that the Federal Reserve would not be able to hike interest rates as quickly as forecast this year given weak U.S. economic data and continued easing from the Bank of Japan. The dollar edged lower against the yen, hitting a session low of 120.670 yen after shooting 2 percent higher against the Japanese currency on Friday to a six-week high of 121.700 after the BoJ's surprise shift
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