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  1. Dollar extends loss vs yen, hits lowest since Sept 2014

Dollar extends loss vs yen, hits lowest since Sept 2014

The dollar extended its losses against the yen on Thursday and touched its lowest level since September 2014, staying on the defensive after U.S. Federal Reserve lowered its economic growth forecasts and scaled back its rate hike projections.

By: | Singapore | Updated: June 16, 2016 8:55 AM
Doller vs Yen The dollar fell to as low as 105.155 yen, its lowest level since September 2014. The dollar last traded at 105.37 yen, down 0.6 percent on the day. (Reuters)

The dollar extended its losses against the yen on Thursday and touched its lowest level since September 2014, staying on the defensive after U.S. Federal Reserve lowered its economic growth forecasts and scaled back its rate hike projections.

The dollar fell to as low as 105.155 yen, its lowest level since September 2014. The dollar last traded at 105.37 yen, down 0.6 percent on the day.

ALSO READ: Dollar on back foot after Fed scales back rate hike projections

Persistent worries that Britain may vote next week to leave the European Union dampened risk appetite and supported the yen.

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