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U.K. Treasury Chief Secretary Yvette Cooper said that the government has never had a policy of targeting the pound and has an inflation goal instead. Cooper, asked in an interview on the BBC’s Sunday AM show about the currency’s drop to a record low against the euro, said that there is...

Canada’s currency fell for the first time in three days after the U.S. Senate blocked a bailout for General Motors Corp. and Chrysler LLC, pushing the U.S. currency higher and crude oil back below $45 a barrel. “News about the automakers is not good for Canada or for the Canadian dollar,”...

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