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Wednesday, October 20, 2010

Dollar retreats as investors await Fed QE

Wednesday, October 20, 2010
Dollar retreats as investors await Fed QEMajor anticipation for the Federal Reserve quantitative easing measures forced the single currency to decline against majors in today’s trading as indicated by the US dollar index that tracks the performance of the dollar against a basket of currencies. The US dollar index dropped on the daily scale to 77.72, compared with the opening levels of 78.07

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