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Currencies – Slower US Economy’s Growth Makes Dollar Weaker

Posted on: April 22, 2011

The US dollar declined today as the macroeconomic reports showed that the economy of the US improved with slower pace than was anticipated. The Manufacturing Index of the Philadelphia Fed tumbled from 43.4 in March to 18.5 in April, while it was expected to go down to only 37.1. The index shows t

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