Dollar falls as stock rally

Posted by 7Star Saturday, April 4, 2009

The US dollar and yen fell sharply on Thursday as fresh efforts by world leaders to fight the economic crisis spurred optimism and gains in stocks on Wall Street eroded safe-haven flows into the two currencies. The euro jumped above $1.35, getting an additional lift after the European Central Bank cut interest rates less than expected and made only vague hints that it could adopt more aggressive means to boost growth.

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