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Al Bawaba
February 29th, 2008 - 04:08 GMT

US Dollar Plummets - Euro Hits New High

The US dollar continued to hit record lows against the euro as Fed Chairman Bernanke remained fixated on fostering economic growth—extending the downside risks for the crumbling dollar. The Chairman reassured the Senate committee that the central bank has resorted to stimulating economic growth to prevent the economy from falling into a recession, and caused the euro to climb into the 1.52 range as more rate cuts are explicitly underway ...
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