5 September 2001, 10:30  The euro-dollar closed at $0.8885

recovering from the barrage of stop-loss euro-dollar sell orders that had sent the pair sharply lower earlier in the day, traders said. Initially, the U.S. dollar's strong showing was attributed to signs that the U.S. economy may be rebounding (Hewlett Packard/Compaq buyout, strong NAPM) but traders said they were both only contributing factors. Dollar-yen closed at Y119.20.

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