Forex News: It was all looking good for the dollar in NY Tuesday. Oil dropped $5/bbl, stocks rallied, partly on oil, partly on Fed chairman Bernanke suggesting the Fed would extend its special lending to primary dealers and the balance on relief that Freddie Mac and Fannie Mae look to be adequately capitalized. However, the greenback took a knock in Asia Wednesday after reports that Iran had test-fired a missile capable of reaching Israel. The sum of all this is that Europe opens to a weaker dollar, although the major pairs are still well within recent ranges
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