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FRANKFURT, Germany (AP) - The euro fell to a new nine-month low against the dollar Friday, even as data showed the U.S. trade deficit rising to its second-highest level on record.
Analysts said that, despite the increase, the trade gap was narrower than expected, and the dollar was helped by the upbeat assessment of the U.S. economy that Federal Reserve Chairman Alan Greenspan delivered Thursday.
The 12-nation euro fell to $1.2117 in late New York trading. The European currency stood at $1.222 in New York late Thursday.
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