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MW : U.S. dollar rebounds against most rivals
 
The dollar was buying 94.79 Japanese yen in Asian afternoon trading, compared with 94.37 yen late Friday in North American dealings.

The euro was marginally lower, changing hands at $1.4303 after finishing Friday at $1.4322. The British pound fell to $1.6498, easing from $1.6504 on Friday.

The dollar index (DXY 78.21, +0.21, +0.26%) recently rose 0.3% to stand at 78.33. The index, which tracks the greenback against a trade-weighted basket of six major currencies, lost 0.9% last week. See full story.

On a quiet day for economic data, a release from Eurostat showed industrial orders in the euro area up 3.1% in June from May levels but down 25.1% from the prior year.

What surprised economists was that orders for intermediate goods fell, down 0.9% from May levels, while orders for capital goods climbed 5.6%.

"This just underpins the assumption that a massive inventory cycle is determining demand," said economists at German brokerage Steubing.
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