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US Dollar Slips; Euro Recovers

The dollar fell against the euro and a basket of currencies in thin, pre-holiday trade on Monday as firmer equity prices prompted investors to book profits on the greenback’s recent gains.

Gains in European and U.S. share markets .FTEU3 .SPX helped lift risk appetite and weighed on the safe-haven dollar, although analysts say the inverse relationship between stocks and the greenback has weakened recently.