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The US dollar strengthened across the board despite data showing a smaller than expected gain in producer prices last month. In other news, at an Economics Club of New York meeting, Ben Bernanke in a speech commented directly on the greenback, stating that "We are attentive to the implications of changes in the value of the dollar." The Fed, he said, will continue to "monitor these developments closely." Bernanke's remarks briefly supported the dollar, before resuming its fall after traders focused on the central bank's outlook that it would hold interest rates low for some time.
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