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The US Dollar Fell to Near a 7-Month Low, While the Yen Strengthened Significantly.
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The US dollar fell to near its lowest level in almost seven months against major currencies, while the yen strengthened sharply as markets awaited US bond-buying plans and inflation data. The dollar approached a two-week high, the yen slipped past the 160 yen/USD mark. The dollar hit its lowest level since May. South Korea: Bank deposits in US dollars reached a record high.
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