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Dollar near 15-year low on prospects Fed will ease policy more

Posted on 29 October 2010

From Bloomberg: The dollar traded near a 15-year low against the yen on prospects that the Federal Reserve will take more credit-easing steps to keep borrowing costs low, reducing the allure of U.S. assets.
The U.S. currency headed for a monthly decline versus 12 of its 16 major counterparts after the New York Fed asked dealers for projections of asset purchases over the next six months……………………………………….Full Article: Source


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