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Dollar Posts Biggest Weekly Gain on Currency Funding Demand

Posted by thekritz 1224 days ago (http://www.bloomberg.com)
Category: Currencies | Tags: dollar yen
The U.S. currency erased its gain versus the yen on speculation the $700 billion financial bailout approved by Congress today won't be an economic cure-all. The greenback rose 5.6 percent this week versus the euro, the biggest increase since the 15-nation currency debuted in 1999.
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