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Dollar falls amid possible auto industry bailout deal

Dollar falls amid possible auto industry bailout deal

Write: Clodagh [2011-05-20]
The dollar fell against most major currencies on Wednesday as Wall Street rebounded following reports about a possible deal to save the falling U.S. auto industry.

The euro bought 1.3014 dollars in late New York trading compared with 1.2919 dollars late Tuesday. The pound rose to 1.4776 dollars from 1.4760 dollars.

The dollar fell to 1.2610 Canadian dollars from 1.2644 Canadian dollars, and rose to 92.64 Japanese yen from 92.13 Japanese yen. It fell to 1.1977 Swiss francs from 1.2058 Swiss francs.