Sunday, September 6, 2009

The dollar dropped against most of the major currencies

Dollar Falls on Bets Investors Seek Higher Yields as G-20 Meets

By Oliver Biggadike and Ye Xie

Sept. 5 (Bloomberg) -- The dollar dropped against most of its major counterparts on speculation investors betting on a quick recovery in the global economy bought higher-yielding assets as Group of 20 finance ministers convened.

The Brazilian real and South African rand posted the biggest advances against the greenback among the most-traded currencies this week
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