U.S. Dollar Getting Trounced after G-20 Offers No Support |
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The U.S. Dollar is getting trounced overnight after the G-20 finance ministers failed to discuss the value of the Dollar, thereby, effectively offering no support. In addition, they decided to keep stimulus measures in place until the global economy can show sustained gains. The real selling pressure hit the Dollar after an IMF report issued at the meeting said, “the Dollar has moved closer to “medium-term equilibrium” but “still remains on the strong side.” This statement
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