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September 28, 2022
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Worldwide

Dollar gains, euro slips further from parity

Published by
Reuters UK

By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar marched higher on Tuesday after a report on the U.S. services industry in August reinforced the view that the United States was not in recession, while the euro and rate-sensitive Japanese yen tumbled further against the greenback. The dollar index rose 0.547% after the Institute for Supply Management said its non-manufacturing PMI edged up to a reading of 56.9 from 56.7 in July, the second straight monthly increase after three months of declines. The surprise reading – economists in a Reuters poll had forecast it would slip t…

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