USD Strengthens, Awaiting Fed Rate Decision |
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USD Strengthens, Awaiting Fed Rate Decision The dollar rose against most major currencies in NY trading Tuesday on speculation the Federal Reserve will signal a pause in lowering interest rates at tomorrow’s FOMC rate decision meeting, and on increased concerns the US economic slowdown is spreading to other countries. The euro fell to a 3-week low as the Bloomberg European PMI dropped the most in more than four years in April. The Australian dollar declined as the NAB Australian business
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