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Oil falls below US$77 amid mixed U.S. demand signals

Oil falls below US$77 amid mixed U.S. demand signals

The U.S. dollar traded marginally lower against the yen in Asia yesterday, hit by weak U.S. data and a worsening outlook for the world's biggest economy, dealers said.
The U.S. dollar was quoted at 88.08 yen in Tokyo afternoon trade, down from 88.27 yen in New York late Wednesday. The euro fetched US$1.2725 and 112.10 yen, down from US$1.2743 and 112.62 yen.
Concerns about the U.S. economy grew after government data showed retail sales had fallen more than expected in June for a second straight month.
Sentiment worsened further after the Federal Reserve revealed minutes from a June meeting of its policy-setting Federal Open Market Committee (FOMC).


Updated : 2021-04-10 21:56 GMT+08:00