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Wednesday, February 24, 2010

Dollar slides on Bernanke's testimony

Dollar slides on Bernanke's testimony


Snippet of Article: "... Last week, the central bank raised its discount rate, which is what banks pay to borrow direct from the Fed, to 0.75%. The move sparked hopes among investors that the Fed would move to tighten monetary policy and raise the benchmark rate sooner than expected...."


Reference: money.cnn.com

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