Greenback Drops as Commodities Surge |
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Greenback Drops as Commodities Surge The dollar fell against most key currencies Thursday on surging commodity prices as well as risks for a US recession indicated by the Conference Board US LEI dropping a more-than-expected 0.7% in July. Oil prices jumped nearly 5% as geopolitical tensions increased amid the Russian-Georgian conflict. The Australian and Canadian dollars rose as gold and oil surged. The European currencies gained as the dollar’s momentum slowed and the other major currencies
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