FOREX-Dollar Up On Fed View, US Sales Data Awaited - Congoo

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FOREX-Dollar up on Fed view, US sales data awaited

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Reuters | May 13, 2008

LONDON, May 13 (Reuters) - The dollar rose broadly on Tuesday as some investors speculated that the Federal Reserve may be nearing the end of its rate cutting cycle, while a fall in stock prices cranked up risk aversion, supporting the yen. Traders awaited U.S. retail sales figures due at 1230 GMT f...

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