When the facts change I change my mind, what do you do sir
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Dollar falls as U.S. housing data dents Fed taper view
The dollar fell against a basket of currencies on Friday, falling from a three-week peak against the yen, as a steep drop in U.S. new home sales raised doubts that the Federal Reserve will actually reduce its asset-buying program next month. An already buoyant euro hit $1.34 following the earlier release of U.S. housing data, with investors also selling the greenback against other currencies such as the Swiss franc and Australian dollar. The dollar also slipped 0.2 percent against a basket of six major currencies to 81.325. New U.S. home sales slid 13.4 percent in July to their lowest in nine months, hurt by the rise ... (full story)
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- Pip Anon
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More than a hobby. Never a game. US Client at 1:50.