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Dollar Falls After G-20 Ignores Decline, Agrees to Keep Economic Stimulus

Nov. 9 (Bloomberg) -- The dollar fell against the euro after the Group of 20 governments agreed to keep stimulus measures and remained silent on the greenback’s decline this year, boosting demand for higher-yielding assets. Full Article at Bloomberg.com

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  1. Gold climbed to a record in London and New York as a weaker dollar prompted investors to buy bullion as an alternative investment. Full Article at China Post

  2. Here, BusinessWeek compiles comments from Wall Street economists and strategists on key economic and market topics on Nov. 9: The U.S. dollar is broadly softer [on Nov. 9]. Two factors explain most of today's decline. Full Article at Business Week

  3. Nov. 9 (Bloomberg) -- Copper rose in New York and London as the dollar weakened and the Group of 20 nations agreed to maintain stimulus measures, spurring demand for commodities and buoying speculation that consumption will strengthen. Full Article at Bloomberg.com

  4. At the meeting in St. Andrews, Scotland, the finance ministers pledged to keep up expensive stimulus spending and low interest rates "until the recovery is assured." — in effect telling the markets that borrowing costs will not be rising any time soon. Full Article at Gainesville Sun

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