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Emirati Jiu-Jitsu stars win 23 medals, athletes grab 11 medals, and People of Determination excel with 14 medals
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Dollar at record low
NEW YORK -The dollar plunged below ¥100 for the first time in over a decade yesterday and hit a record low versus the euro as worries deepened on Wall Street that the United States had entered a recession.
The dollar also hit a record low against a basket of major currencies and oil and gold hit all-time highs. Data showing US retail sales fell unexpectedly last month added to the concerns about the economy.
“The slowdown that we know is happening in the banks has manifested itself on Main Street. These economic numbers are going to get much worse,” said Joe Francomano, vice-president for foreign exchange at Erste Bank in New York.
The dollar fell overnight to ¥99.77, its lowest level since 1995, before recovering to around ¥100.45 in early New York trade, about 1 per cent weaker on the day.
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