MARKET HEADLINES Rupee near two-month low; down 14 paise vs dollarThe rupee was trading weaker at 54.94/95 versus its close of54.80/81 on Friday as sharp losses in domestic shares and a broadlystrong dollar hurt. The Indian currency fell to as low as 55.01 earlier inthe session, its lowest since March 4. The main share index wastrading down 1 per cent.Oil and gold prices fell on Monday as the dollar strengthened,weighing on Asian shares, but Japanese equities outperformed on theback of the yens slide to a fresh 4-1/2-year low against the UScurrency. Swiss franc near 8-1/2 month low vs dollar beforeUS dataThe Swiss franc hovered close to last weeks 8-1/2 month low againstthe dollar on Monday, and was stronger against the euro, withinvestors cautious before US retail sales.US retail sales in April are expected to have fallen 0.3 percent month-on-month, according to a Reuters poll.The franc was virtually unchanged against the dollar to trade at0.95630 by 0720 GMT compared to the New York close.The franc strengthened 0.1 percent against the euro. Yen drops further as G7 avoids criticising JapanThe yen suffered fresh losses on Monday after Group of Sevenfinance officials avoided direct criticism of Japans monetary policy,which has pushed its currency to four-year lows.The yen hit 102.15 yen per dollar, its lowest since October 2008, ontrading platform EBS as investors saw the G7 outcome as a green lightto sell the currency.It was last steady at 101.65 yen, with traders saying investors tookprofit from the dollars rise above 102 yen.
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