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Monday, September 24, 2007

News You Can Use for Monday

Dollar Falls to Record Low Against Euro Before Housing, Confidence Reports The dollar fell to a record low against the euro and declined versus the yen on speculation economic reports will show U.S. growth is losing momentum, adding to pressure on the Federal Reserve to cut interest rates again.

Treasury Notes Drop on Concern Fed Interest Rate Cut Will Spur Inflation U.S. 10-year Treasuries fell on concern the Federal Reserve's interest-rate cut last week will cause inflation to quicken in the world's biggest economy.

Copper Rises in Asia on Concern Peruvian Miners' Strike May Cut Supplies Copper rose in Asia amid concern supplies may be disrupted after Peruvian workers at Southern Copper Corp., the world's fifth-largest producer of the metal, voted to strike Oct. 2 for higher wages.

Wheat May Become Worst Commodity as Record Prices Hurt Sales, Spur Farmers Farmers are sowing the seeds for an end to the biggest rally in wheat since the Soviet Union cornered the U.S. market in the 1970s.

Paraguay May Gather 12 Percent More Soybeans Next Year as Rains Boost Crop Paraguay, South America's third- largest soybean exporter, may next year gather as much as 12 percent more of the oilseed as rains moistened dry soils, an industry group said.

Gold Advances in London Trading, Extending Rally to Highest in 27 Years Gold gained to the highest in more than 27 years in London as investors sought a hedge against inflation on speculation the Federal Reserve will cut interest rates to protect the economy from turmoil in credit markets.

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