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Urgent: U.S. dollar retreats ahead of Fed meeting

Xinhua, March 17, 2015 Adjust font size:

The U.S. dollar declined against most major currencies on Monday ahead of the Federal Reserve policy meeting as investors are worried that the central bank could be cautious in raising interest rates.

In late New York trading, the euro rose to 1.0583 dollars from 1.0475 dollars in the previous session, while the dollar bought 121.40 Japanese yen, higher than 121.33 yen of the previous session. Endite