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FOREX-Dollar falls on news of US duties on Chinese paper

Fri Mar 30, 2007 11:44am EDT

(Updates with market reaction to tariff news)

NEW YORK, March 30 (Reuters) - The dollar turned lower on Friday after the U.S. government said it will impose duties on imports of coated paper from China, traders said.

The move reversed a decades-old policy of not applying duties to subsidized goods from "non-market economies," a Commerce Department official said.

The dollar fell 0.4 percent against the yen to 117.56 yen JPY=. The euro EUR= rose 0.4 percent as well against the dollar to $1.3377.



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