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Dec 24, 2014

Dollar retreats from highest levels in nearly 9 years

NEW YORK, Dec 24 (Reuters) – Investors trimmed dollar
positions during the Christmas holiday lull on Wednesday,
pulling the greenback down from its highest point in nearly nine
years after strong U.S. economic growth data on Tuesday
solidified views of coming Fed rate increases.

The dollar retreated by 0.13 percent to 89.943 against a
basket of currencies after Tuesday’s data showed U.S.
third-quarter gross domestic product grew at an annualized 5.0
percent rate.

    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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