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Wednesday, August 1, 2012

Currency Markets Subdued Ahead Of Fed & ECB Meetings

The US Dollar dipped to a 2-month low against the Yen during the Asian session on Wednesday, after Chinese manufacturing results dashed any hopes that increased policy support has stemmed a slowdown in the world's second largest economy.
The Euro also eased against the US Dollar spreading more doubt that the US Federal Reserve and the European Central Bank (ECB) cannot do enough to rescue their troubled economies.

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