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Asia’s Factory Output Slumps As Weak China Demand Weighs
Nikkei Leads Asia Higher, China Lags Behind
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Yen Weak, Dollar Drifts As Traders Weigh Fed Rate Hike Path

Published by: dailynews
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The yen remained hunkered just below the psychologically important barrier of 145 per U.S. dollar on Monday, while the dollar was on the back foot after U.S. economic data last week showed slightly easing inflation and consumer spending.

The yen weakened 0.09% to 144.45 to start the second half of the year, having lost 9% against the dollar in the first six months of the year.

Against the euro, the yen was hovering at 157.66, just under the 15-year low of 158 it touched last week. It rose to 183.58 per sterling , its highest since December 2015.

Read the full story on Reuters here.