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Dollar Slides to Record Low; Oil Tops $102

Investors bet on Fed rate cut, driving euro up against US currency

By Jim O'Neill, Newser User

Posted Feb 27, 2008 6:27 AM CST

(Newser) – The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s... Read full story »

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Dollar Slides to Record Low; Oil Tops $102

Investors bet on Fed rate cut, driving euro up against US currency

Ben Bernanke • oil • Taiwan • South Africa • New Zealand • yuan • euro • yen • oil price • US dollar • Fed funds rate • rand • Australian dollar

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