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5/28/10

U.S. dollar likely to fall vs euro next week

The dollar is expected to fall against the euro in the coming week with investors betting that most of the bad news on European fiscal woes is already priced in with the single currency's 7 percent decline in May.

Investors are willing to bet that at least for now, the euro has touched solid support. This was so particularly after China's Central Bank this week discounted a Financial Times report that Beijing was concerned about its euro zone bond holdings.

For more: U.S. dollar likely to fall vs euro next week | Reuters

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