Dollar : Dollar Mixed After Early Loss
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NEW YORK — The dollar recovered from an early loss Tuesday and finished mixed in U.S. trading after falling against most major currencies in trading in Europe on news of a bigger-than-expected U.S. trade deficit.
The dollar opened early today at 142.55 yen on the Tokyo foreign exchange market, up from Tuesday’s close of 142.25 yen.
In New York, the dollar dropped early in the day on news that the U.S. trade deficit widened in August to $10.77 billion when many traders were expecting a deficit of about $9.5 billion.
Later in London it edged up further to 142.35 yen. In New York, the dollar rose to 142.70 yen from 141.80 yen on Monday.
The dollar weakened against the British pound. In London, the British pound rose to $1.5835 from $1.5820 late Monday. Later in New York, the pound edged up to $1.57575 from $1.5750 late Monday.
On New York’s Commodity Exchange, gold for current delivery rose 10 cents an ounce to close at $367.40.
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