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LONDON, Sept 6 - The dollar held close to a six-month peak as jitters over China and global growth weighed on risk appetite, while the yen strengthened as Japan's top currency diplomat sent a warning about the currency after it earlier dropped to a 10-month low.
The Asian currency has hovered around the key 145-per-dollar level for the past few weeks, leading traders to keep a wary eye on signs of intervention by Tokyo. Japan intervened in currency markets 12 months ago when the dollar rose past 145 yen, prompting the Ministry of Finance to buy the yen and push the pair back to around 140 yen.
"Dollar strength remains the dominant play," said Christopher Wong, currency strategist at OCBC in Singapore. Higher-for-longer U.S. interest rates and the relative U.S. growth resilience are supporting the greenback, Wong said. The euro was last up 0.2% at $1.0739 as three influential rate-setters at the European Central Bank warned investors to not rule out a rate hike in September.
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