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Can the embattled dollar reverse its long decline?

The Nation Part 2 -- Thu 8 May 2008 06:08:02

The long-suffering US dollar has recently bounced back after stumbling yet again during the first quarter of the year, setting record lows against other major currencies. During the first three months of the year the beleaguered currency depreciated by about 7.5 per cent against the euro and 10 per cent against the yen.

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