Dollar Sags Against Euro Following FOMC Minutes

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August 22, 2012 2:06 PM UTC
PowerShares DB US Dollar Index Bullish (NYSE: UUP) is weakening against the euro following FOMC minutes, which hint at more QE in the works. The ETF is down about 0.3 percent.

Easing would flood cash into the system, devaluing the dollar against other currencies.

CurrencyShares Euro Trust (NYSE: FXE) is up 0.4 percent.

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