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Dollar falls against euro

Published May 21, 2008
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LONDON, May 20: The dollar tumbled against the euro on Tuesday after higher-than-expected German wholesale inflation figures were compounded by fresh record highs for oil, which will keep pressure on prices, dealers said.

The single European currency in late-day deals was at $1.5672 against $1.5509 late Monday in New York. The dollar was meanwhile at 103.66 yen, down from 104.31.—AFP

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