The Dollar declines dramatically as bank bailouts worry traders |
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The greenback reached a three-week low against the euro before reports this week that will probably show tighter lending rules contributed to a drop in U.S. home sales and durable goods orders. The dollar also fell against the Swiss franc as two- year Treasury yields declined for the first time in three days on bets the Federal Reserve will cut interest rates. ``Problems with the U.S. deficit will haunt the dollar,'' said Masanobu Ishikawa, general manager of foreign exchange at Tokyo Forex
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