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Greenback Rallies as Dollar Funding Dries Up

Discussion in 'Fundamental Analysis' started by ActionForex.com, Sep 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The dollar rallied against its rivals Tuesday as LIBOR rates rose to record levels in the latest sign of the extreme liquidity squeeze in the global financial system. The greenback was supported by investors' flight to quality flows and international banks demand for dollar funding. The yen fell on increased...

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