Dollar Off Against Major Currencies
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Associated Press
NEW YORK — The dollar fell against major foreign currencies in active trading Wednesday, pressured by rumors that the Commerce Department would issue a disappointing gross national product report.
The dollar’s decline also was a reaction to comments from Bank of Japan Governor Satoshi Sumita and Bundesbank President Karl Otto Poehl that the Japanese and West German central banks don’t intend to cut their key interest rates in the near future, dealers said.
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