Greenback weakens amid prospects of QE

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Source: Bloomberg
The U.S. Dollar fell against most of the major counterparts amid speculation the Fed will launch the third round of asset purchase programme, which would weaken the greenback further. The U.S. Dollar reached a seven-week low versus the Euro following the minutes of the FOMC meeting, which show many officials are in favour of additional stimulus to spur growth. The greenback fetched $1.2542 per 17-nation currency, while losing 0.1% to 78.54 Yen. 
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Thu, 23 Aug 2012 07:33:56 GMT

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