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Dollar mixed after Fed minutes


February 19. 2013 5:23PM
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(AP) The dollar is trading mixed against other currencies after minutes from the Federal Reserve's latest meeting signaled that it will likely launch a new bond-buying program in December to boost the economy.


The purchases would lower long-term borrowing rates to encourage spending and strengthen the economy and the job market. Those purchases can also weaken the dollar.


The euro rose to $1.2752 in afternoon trading from $1.2705 late Tuesday.


The dollar fell to 0.9438 Swiss franc from 0.9474 Swiss franc.


The British pound fell to $1.5857 from $1.5874.


The dollar rose to 80.17 Japanese yen from 79.41 Japanese yen.


Associated Press


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