Thursday, May 17, 2012
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FOREX-Dollar soft after G7 and on equities resilience

The dollar fell on Monday after a G7 meeting at the weekend brought no surprises, which the market took as a signal policymakers are comfortable with a gradual dollar decline as part of global economic rebalancing. >>

*G7 reiterates familiar stance on FX

*Global stocks show resilience, fuelling "risk appetite"

*Aussie up as local media see chance of Tuesday rate hike

*Dollar the broad loser; dollar index down 0.4 pct

 

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