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FOREX: Dollar Dives to New Lows as Housing and National Activity Slow, Risk Appetite Coasts Higher
While the capital markets were otherwise quiet Monday, the dollar was still suffering in a rather dramatic fashion. The rebound in risk appetite trends carried through from last Friday’s rally on the G7’s concerted effort to stabilize FX volatility and the Fed’s announcement that some of the TARP banks have been given a clean bill of health to start paying dividends once again.
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