Thursday, May 17, 2012
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FOREX-Dollar on defensive, Aussie off 14-mth high

The dollar was on the defensive on Thursday, having resumed its downtrend in the previous session as investors shifted funds out of the greenback and chased growth-linked currencies. >>

* Aussie sheds gains on investor profit-taking

* Japanese retail demand seen supporting cross/yen

* BOJ tankan survey shows Japanese firms less pessimistic

 

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