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Euro falls against dollar to $1.2529
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Posted on
Nov 20 2008 5:37 AM
by
adeal
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The euro fell against the dollar Thursday, reversing gains from Wednesday, when data showed U.S. inflation keeps falling and the Federal Reserve suggested it will cut interest rates again. The 15-nation euro traded at $1.2529 in European morning trading, down from the $1.2602 late Wednesday in New York. The dollar's strength made up for temporary losses on Wednesday, when the Labor Department said its index of consumer prices fell 1 percent on the month in October, the largest one-month drop since record-keeping began in 1947.
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