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Dollar under pressure on weak stocks

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Tokyo - The dollar came under further selling pressure on Friday as investors turned cautious over falling global stocks while awaiting fresh US data on retail sales later in the day.

The prospect of a gradual tightening of US monetary policy when and if the US Federal Reserve starts raising interest rates has weighed on the US currency.

"The Fed may be seeing that there's no need to force markets to increase how much they are pricing in a December rate hike," said Etsuko Yamashita, chief economist at Sumitomo Mitsui Banking in New York.

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