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Dollar Falls as Investors Consider Impact of Monetary Easing

Investors shied away from the US dollar sparking a 0.8 percent decrease to $1.3876 per euro at 8:38 a.m. in New York, from $1.3769 yesterday. The decline marked the end of three straight days of gains as markets considered the potential impact of the Federal Reserve buying Treasuries and other assets to increase liquidity in the financial system.

Source: Bloomberg [1]

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Scott Boyd

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