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Friday, November 12, 2010

The results of the joint communique credit the dollar higher G20

UniCredit Bank (UniCredit) Friday (Nov. 12), said the G20 summit in Seoul, failed to resolve the problem of global imbalances, the dollar higher against major currencies.

The bank said on the other hand, continuing the negative news in Europe believe that the dollar can rise.

The bank claimed, G20 communique did not announce any new content.

The bank said, G20 communique vowed to strongly resist the competitive currency devaluation, but no mention of China's RMB exchange rate.

21:13 GMT, the dollar index was at 78.00.

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