Greenback weakened ahead of Fed

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Source: Forexpros
The greenback weakened versus the basket of major trading-partner currencies before highly anticipated meetings by the ECB on Thursday and the Federal Reserve on Tuesday. During today's New York trading session the U.S. dollar lowered versus the shared currency, with EUR/USD adding 0.38 per cent to $1.2308. The ICE dollar index erased 0.20 per cent to 82.71.
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Tue, 31 Jul 2012 18:42:51 GMT

Oil dropped on Tuesday

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