US Dollar weakens on improved manufacturing activity

Source: Bloomberg
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The US Dollar depreciated against 15 out of 16 major peers as the increase in industrial activity boosted demand for riskier assets. US currency fell for the fourth straight day against its New Zealand counterpart as investors expect surge in American production activity. The Greenback declined 0.3% against the Euro reaching $1.2978 on Asian morning session. Currently EUR/USD is trading at $1.2979.

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Tue, 03 Jan 2012 07:42:06 GMT

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