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NEW YORK (AP) - The dollar fell against the yen and most major currencies Friday after China took steps to allow its currency to appreciate faster.
The euro bought $1.3505 in late New York trading, up from $1.3492 late Thursday. The British pound rose to $1.9745 from $1.9743.
The dollar fell to 121.15 Japanese yen after rising as high as 121.39 Thursday, climbing from a nearly three-month low against the dollar. The yen strengthened on speculation that Japanese exports will better compete against Chinese goods with a stronger yuan.
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