(Reuters) - The dollar steadied on Thursday near a three-month high against the yen as investors awaited U.S. housing data later in the day that could stir more doubts about the possibility of a Federal Reserve rate cut this year.
Investors trimmed short positions in the yen early in the session after former Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks, stoking worries over a potential pull-back in Asian equity markets and an unwinding of carry trades.
Read more at Reuters Africa
Investors trimmed short positions in the yen early in the session after former Federal Reserve Chairman Alan Greenspan said he feared a "dramatic contraction" in Chinese stocks, stoking worries over a potential pull-back in Asian equity markets and an unwinding of carry trades.
Read more at Reuters Africa
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