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http://www.foxbusiness.com/markets/industries/finance/article/dollar-pressure-ahead-homesales-data_419898_9.html

Quote:
Dollar Under Pressure Ahead Of Home-sales Data
SAN FRANCISCO -- The dollar was mostly lower Friday, ahead of the release of new-home sales data for November and Chicago-area manufacturing sentiment for December. "With risks for the U.S. economy vastly to the downside and the Federal Reserve still perceived as being dovish, it is little wonder the greenback is so susceptible to losses, especially at times of geopolitical distress," wrote Terri Belkas, currency strategist at Forex Capital Markets. The dollar index, which tracks the greenback against a basket of six major currencies, was at 76.360, down from 76.700 late Thursday. The euro was trading at $1.4687, up from $1.4605 late Thursday. The dollar was buying 113.23 yen, down from 113.67 yen Thursday. The U.K. pound sterling was at $1.9914, compared with $1.9941 Thursday.
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Old 12-28-2007, 06:36 AM
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