The dollar fell to near record lows against the euro on Thursday after Federal Reserve Chairman Ben Bernanke said U.S. economic growth would remain sluggish, supporting views for a December interest rate cut. Speaking before a congressional panel, Bernanke said the housing market contraction appeared likely to become even more severe and the Fed expected growth to slow “noticeably” in the fourth quarter compared to the previous three-month period. He also said the Fed the U.S. central bank saw
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Friday, November 9th, 2007 at 12:48 pm
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