Dollar Immune To Wall Street Woes, US Economic Downturn
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NEW YORK -- The US dollar gained ground last week in the face of the mini-equity meltdown on Wall Street -- defying conventional economic theory, analysts told FX Week.
The dollar has avoided weakening as investors turn to US bonds to keep money in the US in the face of the economic chaos in Japan and uncertainty surrounding the eurozone economy, they said.
"The dollar's legs -- the economy and Wall Street equities -- have been taken away from under it," said Stacey Seltzer, foreign exchange
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