Colombia&#39;s Peso Falls on Speculation Bank Will Sell Currency
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Colombia&#39;s peso weakened for a second day on speculation the central bank will continue to sell the currency for US dollars to stem the peso&#39;s appreciation.
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The dollar in London held yesterday&#39;s gain from a record low on speculation the Group of 20 largest economies will this weekend voice concern at the currency&#39;s drop.
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The dollar fell to a record against the euro and tumbled versus the yen on speculation US officials will refrain from joining any effort to stem the currency&#39;s drop.
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The dollar tumbled to a record low  against the euro on Tuesday after a warning by euro zone  officials on the euro's rise fell on deaf ears, with investors  determined to dump the U.S. currency.
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The dollar was little changed on Monday as traders and investors saw recent declines as overdone, after the currency shed 3 percent of its value and slid to a 20-month low against the euro in less than two weeks.
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To the mounting dismay of foreign officials, the slide in the dollar gathered new momentum yesterday, but the Bush administration restated in no uncertain terms its longtime policy of leaving the US currency&#39;s value to the markets.
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The dollar fell under 103 yen on  Friday after Federal Reserve Chairman Alan Greenspan said large  interventions in the currency market do not create protracted  changes in exchange rates but have some effect.
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Cubans rushed to change dollars into  local pesos on Tuesday as President Fidel Castro's communist  government prepared to end circulation of the U.S. currency  after a decade.
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BUCK STOPS HERE: Cuba announces that dollars will no longer be accepted in stores and businesses, saying it is trying to regain control of its economy as Washington cracks down on the flow of the U.S. currency to Cuba. A convertible peso will be put in circulation.
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The dollar is overvalued in the medium-term even though it has depreciated in recent years, and markets are betting on the greenback to fall further, International Monetary Fund Managing Director Rodrigo Rato said on Saturday.
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WHEN the worldâs leading currency goes on the slide, be braced for all manner of latent trouble to come to the fore. The slide in the greenback, renewed after disappointing US jobs numbers last Friday, is
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Financial markets and economic policymakers around the globe all were focused last week on the shrinking value of the dollar. The greenback fell to its lowest level in years against both the yen and the euro
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The dollar weakened against major  currencies on Wednesday after a below-consensus snapshot of  regional U.S. business activity  kept the currency under  selling pressure.
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The dollar fell against the euro and the yen on Wednesday in the wake of comments from the European Central Bank president suggesting the ECB was unlikely to intervene to stem the euro's rise.
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BOGOTA, Colombia  - Here's a good way to make a  buck if you're in Colombia.
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The dollar is likely to drop on concern that international investors are scaling back purchases of US assets, according to a Bloomberg survey of currency traders and strategists.
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The dollar fell across the board on  Wednesday after a much wider-than-expected November U.S. trade  deficit fueled a sell-off in the currency.