TOKYO: The dollar clawed back most losses on Wednesday in Asia after it slumped in response to the International Monetary Fund (IMF) cutting its growth forecast for the global economy.
In Tokyo late afternoon trade, the greenback strengthened to 108.50 yen from 108.02 yen in New York, but it was still below the 108.57 yen in Tokyo earlier Tuesday. It had hit a six-year high above 110 yen last week.
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