Greenback Falls as Inflation and Housing Starts Worsen |
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Greenback Falls as Inflation and Housing Starts Worsen The dollar fell against other key currencies Tuesday on more signs of stagflation. US producer prices soared to a 27-year high and housing starts dropped to a 17-year low, further discrediting the Federal Reserve’s attempt to stimulate the economy without causing serious inflation. The yen rose as US stocks declined for a second day on worries the US economic slowdown will be prolonged and credit-market losses may deepen. The euro gained
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