December 1, 2009
Dollar Falls as Dubai Debt Concerns Subside
The U.S. Dollar fell to a 15-month low against a basket of currencies on Tuesday as concerns about debt issues in Dubai subsided, leading to increased demand for higher yielding
currencies. Further weakness in the Dollar was attributed to a report that Chinese manufacturing increased at its fastest pace in five years.
The weakness in the Dollar helped boost commodity and stock demand as investors once again felt comfortable adding more risk to their portfolios.
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