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Dollar Falls as Concerns Grow About Economy
By JEREMY W. PETERS and CARTER DOUGHERTY

The dollar dropped sharply against a broad range of major currencies today, and the euro broke through the $1.30 mark for the first time in a year and a half, highlighting concern about the strength of the American economy.

The dollar’s losses came during a thin trading day in which the British pound rose to its strongest value against the dollar in two years. The Japanese yen and the Swiss franc also gained at the dollar’s expense.

Stocks closed lower on Wall Street today after a shortened trading session that was soured by news of the dollar’s woes. More

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