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Laguna Hills
Friday, May 8, 2026

Dollar Down After Fed Speech

The dollar continued lower in late afternoon trade Friday, after a third speech this week by Federal Reserve chief Alan Greenspan failed to give market players the clues they had hoped for about the direction of U.S. interest rate policy. In late trading, the euro traded at $1.2926, up 0.6% while the dollar was down 0.3% at 108.31 yen.

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