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Dollar Weakens on News US Expected to Trail G7

Posted by Scott Boyd at 10:52 am UTC, 11/05/2009

The dollar fell to $1.4871 per Euro by mid-morning trading in New York today compared to $1.4861 at yesterday’s close. At one point, the dollar fell to $1.4917 – its weakest level since October 27th on speculation that the US will trail most of the G7 in growth recovery, forcing the US to maintain economic stimulus spending longer.

Filed under: Forex Round Up, USD

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Posted under USD, EUR, GBP, CHF, JPY, AUD, CAD at 9:03 am UTC, 02/10/2012
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Posted by Dean Popplewell at 9:02 am UTC, 02/10/2012
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Posted by Staff at 6:37 am UTC, 02/10/2012
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February
10
Today’s Global
Market Events
8:30 am
CAD
Trade Balance
0.7B vs. 1.1B
USD
Trade Balance
-48.1B vs. -47.8B
9:55 am
USD
Prelim UoM Consumer Sentiment
74.4 vs. 75.0
USD
Prelim UoM Inflation Expectations
3.3%
12:30 pm
USD
Fed Chairman Bernanke Speaks
12:50 pm
USD
FOMC Member Pianalto Speaks
2:00 pm
USD
Federal Budget Balance
-58.5B vs. -86.0B