Currencies News
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The Dollar Index fell from near a 10-week high as demand weakened for the relative safety of the U.S. currency amid prospects lawmakers will reach agreement on the nation’s budget and avert the so-called fiscal cliff.
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The pound strengthened for a third day against the dollar after an industry report showed London house prices increased in November.
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For long-suffering bears on the yen, redemption is looking more likely if options are any guide.
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Sales of previously owned U.S. homes probably held in October near a two-year high, indicating the recovery in residential real estate is being sustained by cheap borrowing costs, economists said a report may show today.