Dollar pares gains vs yen, aides say no debt deal Tuesday

Reuters

The dollar pared some of its gains against the yen in Asia onWednesday after aides said U.S. Senate leaders will not announcea deal on Tuesday on a bill to raise the debt ceiling.

The dollar slipped from around 98.50 yen and last stood at98.38 yen, up 0.2 percent on the day but down from anearlier intraday high near 98.63 yen.

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