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Dollar Falls as Stock Gains Encourage Demand for Riskier Assets |
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Written by Administrator
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Wednesday, 10 March 2010 07:13 |
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The dollar fell against the currencies of commodity-exporting nations including Brazil and Canada as advancing stocks encouraged demand for assets that historically benefit as global growth rebounds. The yen rose against most of its major counterparts on speculation Japanese companies are bringing home overseas earnings before the nation’s fiscal year ends this month. The pound weakened versus all 16 of the most-traded currencies after Fitch Ratings said the U.K.’s debt profile has...Full Story
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