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Greenback goes into reverse, falling.........>

DOLLAR
DOLLAR: Greenback goes into reverse, falling against all others in G10 following
the unchanged Fed decision. The statement goes in depth on the downside risks
expected on the economy through lower consumer spending, low inflation and high
unemployment - adding that the Fed will keep the funds rate within current range
until it is confident that the economy is on track to weather these events.
- EUR/USD rallied to touch $1.0882 in response, a new session high. The Tuesday
highs still in tact at $1.0888.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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