The dollar fell against most major global
currencies on Wednesday after expectations that Greece may see bailout money
flowing into the country soon. German newspaper Bild reported that Greece could
receive EUR44 billion in various financial aid packages. Eurozone policymakers
are scheduled to meet again to discuss Greece's finances on 20/11/2012, with a
EUR31.5 billion of aid pending approval. Greece placed EUR4.06 billion in
short-term government debt earlier, money that will help Athens to repay EUR5
billion in debt maturing on Friday.
Later Wednesday, the Eurozone will release
official data on industrial production, a leading indicator of economic health
and the U.S. will unveil data on retail sales, producer price inflation and
business inventories, and the Federal Reserve is to publish the minutes of its
most recent policy-setting meeting.
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