July 29, 2011 / 2:46 AM / 7 years ago

Dollar hits new 4-mth low vs yen as US debt limit vote delayed

TOKYO, July 29 (Reuters) - The dollar sunk to a fresh four-month low against the yen at 77.48 yen after Republican U.S. Representative Kevin McCarthy said on Thursday that the House of Representatives will not vote tonight on a plan to raise the debt limit as Republican leaders have struggled to line up support for the measure.

McCarthy and other Republican leaders had delayed the vote for more than four hours as they sought to persuade a faction of their party to change their minds. (Reporting by Antoni Slodkowski; Editing by Edmund Klamann)

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