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U.S. Dollar Edge Lower on Rumors of Bank Bailout

By Research Team,
02 December 2008 09:38 GMT

USD edged lower on U.S. bank stake rumor, with speculation that USD 150 bln will be invested in 52 banks by the U.S. Treasury. U.S. equity market futures have turned highs and European indices pared earlier losses, leading to an unwinding in earlier safe haven trades via USD and JPY.

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02 December 2008 09:38 GMT