Currencies News
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The euro fell for a second day versus the dollar after Moody’s Investors Service said France’s top credit rating is under pressure, adding to concern European leaders will struggle to resolve the region’s debt crisis.
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The pound weakened versus the yen as stocks slid and record-tying U.K. inflation failed to persuade investors that the Bank of England will temper its bond-buying program after it was revived this month.
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Canada’s dollar strengthened versus its U.S. counterpart on easing concern its largest trading partner may be heading into recession after a report showed American wholesale prices rose more than forecast in September.
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Two Federal Reserve policy makers differed over the central bank’s ability to boost growth, with one calling for more action to fight a “massive” shortfall in employment and the other saying further steps would probably serve only to stoke inflation.
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