US dollar mixed in London trade

The yen weakened in London trade on Monday as the Japanese currency fell back from gains late last week after China raised interest rates and slightly eased controls on its currency. After falling to a new low of ¥163.94 versus the shared currency in the morning session, it recovered slightly to trade at ¥163.75 by around the middle of the session, still 0.1 percent lower on the day so far. The yen was also down versus the US dollar, falling 0.2 percent to ¥121.35.

The greenback was mixed otherwise in London trade as it remained about even versus the euro at $1.3500, while it added 0.1 percent to $1.9716 in relation to sterling. However, the Canadian dollar added 0.4 percent versus the US dollar, to C$1.0840, after a recent string of positive economic data in Canada as well as several rumored takeovers of Canadian companies.

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