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The greenback and yen fell against most of the other major currencies on Wednesday as rising equities worldwide and optimism for the global economies may growth by the fourth quarter this year reduced demand in safe-haven U.S. and Japanese currencies. The dollar index (which measures the dollar’s strength against a basket of six other currencies) dropped 0.70 percent to trade at 84.578 in late New York session, however, dollar rose versus the yen and touched a session high of 98.00 after Federal Reserve said in the Fed statement that the pace of U.S. economic contraction ‘appears to be somewhat slower’.
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