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Market Update : 
Record Lows in Dollar Lift Metals
Author: 123jump.com Staff
123jump.com
Last Update: 5:44 PM EDT September 20 2007

Dollar declined to historic levels against several currencies lifting metals prices and stocks of commodities companies. Dollar fell to a three-decade low against Canadian dollar, fell below $1.40 mark against euro, and reached a nine-year low against Indian rupee. Goldman Sachs earnings jumped 79% and that at Bear Stearns fell 61%. ConAgra reported earnings rise of 10%. Nickel soared 10%, zinc jumped 5% and gold closed 1.4%. Oil closed above $83, record high for the fifth day in a row.

 

 

 
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