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

Tuesday, 02 December 2008 08:23:47 GMT

Written by DailyFX Research

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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