London Session |
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The greenback trended lower in the London session as the implications from the US government's $700 billion (so far) rescue plan continue to be weighed. Concerns as to what this means for the US budget deficit (wider) and short-term interest rates (possibly lower) have most investors selling the currency. This concern is also leading to resurgence in commodity prices, as investors buy them as a hedge against dollar depreciation. Oil jumped another $2 to just under the $108
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