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Dollar Near 3-Week High on Commodities, Aussie Tumbles

May 11, 2011

The dollar held firm near a three-week high against a basket of currencies on Thursday as a rout in commodities and an uncertain outcome on Greece's debt problems lowered risk appetite and prompted traders to expect more unwinding of dollar-funded bets on risk assets, with its break above a trendline pointing to the chance of more gains. 

Source: http://www.cnbc.com/id/42998920?__source=RSS*tag*&par=RSS
 
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