Thursday, May 17, 2012
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FOREX-Dollar hit broadly by US rate view, recovery hopes

The dollar hit a 14-month low versus the euro and a currency basket on Wednesday on the view that U.S. interest rates will stay low, while higher commodity prices reflected optimism about an improving global economy, tarnishing the U.S. currency's safe-haven appeal. >>

* Dollar hits 14-mth lows vs euro, Aussie, CAD, FX basket

* Higher oil, gold prices reflect more risk demand

* Market awaits JPM Q3 earnings later in the day

 

 

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