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Dollar climbs back as markets shift focus to economic news.
(From Agence France Presse)
The dollar rose for a second day against most major currencies as investors shifted their sights to economic news in the absence of major developments in the Iraq crisis.
The euro slipped to 1.0768 dollars from 1.0814 dollars late on Thursday in New York.
The dollar rose to 119.91 yen from 119.01 late on Thursday.
"The lack of Iraq news today has put economic news on the forefront," said Larry Brickman, currency strategist at Bank of America.
But analysts said the slumping dollar remained under pressure but may get a rebound at times.
"I think we will get these sharp moves from time to time, the occasional sharp squeezes ... It's a warning to the markets they shouldn't treat the dollar as a one-way bet," said Julian Jessop, senior international economist at Standard Chartered.
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