http://news.yahoo.com/s/ft/20060512/bs_ft/fto051220061929327968
US dollar takes a pounding over deficit
By Steve Johnson in London and John Authers in New York
Fri May 12, 7:20 PM ET
The US dollar suffered a severe sell-off on Friday, taking it to its
weakest level against a trade-weighted basket of currencies since
October 1997, in a tumble that helped to trigger falls across world
equity markets.
Worries about US inflation, which have intensified since the US
Federal Reserve's rate-setting open market committee met on Wednesday,
sparked further sharp losses for US stock markets.
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