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Dollar on the ropes as roiled markets regain some calm

Posted on 25 March 2011

The dollar hovered near a 15-month low against a basket of currencies and was in sight of a 29-year trough against the Australian dollar as a bounce in equities suggested that risk appetite was on the mend.
The euro dipped briefly after Standard & Poor’s downgraded Portugal’s credit ratings by two notches to BBB and warned it could cut it again by one notch as early as next week……………………………………….Full Article: Source

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