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Commodities Briefing - Categorized | Currencies more

Dollar hits 13-1/2 year low vs yen, plunges vs euro

Posted on 18 December 2008

From Guardian: The U.S. dollar tumbled against major currencies on Wednesday, hitting its weakest level in more than 13 years versus the yen, a day after the Federal Reserve cut interest rates to virtually zero.

The euro rallied to its strongest level against the greenback this quarter after the U.S. central bank’s massive rate cut further widened the interest rate differential in favor of the single euro zone currency….. Full Article: Source


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