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Carter’s Inc

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Al Bawaba
February 28th, 2008 - 02:45 GMT

US Dollar Under Stress as Bernanke Stands Ready to Cut Rates

The US dollar fell to fresh record-lows against the euro, as a speech by Fed Chairman Ben Bernanke confirmed that the central bank stands ready to cut interest rates further in order to support domestic economic growth. Indeed, the central banker said that growth risk continue to trump those of rising inflation, and as such the FOMC may vote to take rates lower despite strong price pressures. The euro subsequently ...
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