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On Wednesday, the dollar took a lead against the euro on a decline in crude oil and gold prices, and a dip in U.S. stocks.
Some dealers said the dollar was also pushed down by euro-buying orders from Middle Eastern firms and yen-buying operations from Japanese exporters.
The euro fell to an intraday low of USD1.4610 late [...]
On Monday, the dollar had fallen across the board on the Treasury Department’s bailout plan and a pick-up in risk appetite.
The US dollar plummeted more than 2 percent against the euro on Monday, especially as shifting interest rate expectations start to move in favor of the euro and British pound.
Reports of central bank diversification out [...]
On Monday, the dollar hit a two-month low against the yen as turmoil on Wall Street sent stocks plunging and led currency investors to unwind risky carry trades funded by the low-yielding yen.
But worries over financial markets also drove many investors to buy the dollar due to its status as a safe-haven [...]
