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December 04, 2007 Tuesday Ziqa'ad 23, 1428





Dollar eases


LONDON, Dec 3: The dollar fell in late European trade on Monday, slipping back as players looked ahead to key data, including US job figures and central bank policy meetings in Britain and the eurozone, dealers said.

They said fresh comments by a senior US Federal Reserve official on the subprime home loan crisis and its impact on a slowing economy somewhat dampened sentiment on the dollar, which saw solid gains last week.

Despite the weaker tone, the dollar was still finding support from remarks from Federal Reserve chief Ben Bernanke that reinforced expectations of another US interest rate cut this month, they added.

In late European trade, the euro was at $1.4666, up from $1.4643 in early deals and $1.4632 late on Friday in New York.—AFP






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