Dollar dives following Fed's huge rate cut
China Daily | Updated: 2008-12-18 07:54
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Dealers work in front of an electronic board displaying the current value of the yen against the US dollar at a foreign exchange brokerage in Tokyo yesterday. |
The dollar fell to a 13-year low against the yen and the weakest versus the euro in 11 weeks after the Federal Reserve cut its target interest rate to the lowest among the world's industrialized nations.
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