Financial Times FT.com

Hawkish Fed reduces heat on dollar

By Peter Garnham

Published: September 26 2007 11:56 | Last updated: September 26 2007 20:03

The dollar pulled back from a record low against the euro on Wednesday as hawkish comments from a Federal Reserve official gave the beleaguered greenback some respite.

The dollar fell to a fresh all-time low against the single currency for the fifth consecutive session, hitting $1.4162 early in Asia trading.

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