FOREX-Dollar dips with oil, equities; investors pick less risky currencies

Mon Jan 25, 2016 10:50am EST
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(Updates to U.S. session, changes byline, dateline, previous LONDON)

* Dollar falls with oil; less risky currencies gain

* Euro, yen rise vs dollar as investors seek safety

* Focus shifting to BOJ, Fed meetings later this week

By Dion Rabouin

NEW YORK, Jan 25 (Reuters) - The dollar edged down on Monday as renewed selling on oil markets drove investors into currencies often deemed less risky investments, such as the euro, Swiss franc and Japanese yen.

Crude oil futures fell 3 percent after Iraq announced record-high oil production, feeding into a heavily oversupplied market.

U.S. stock indexes opened lower, following their European counterparts, dragged down by energy stocks.

The oil price fall turned investors' focus back onto a broadly negative outlook for the world economy that has dominated since the start of 2016, amid slowing growth in No. 2 economy China and weakness in oil prices.   Continued...