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Dollar Falls as Bernanke Unsure When Monetary Stimulus to Unwind

The dollar dropped to a 16-month low against the euro after Federal Reserve Chairman Ben S. Bernanke said in his first press conference after a policy decision that he’s unsure when monetary stimulus will unwind.

South Africa’s rand rallied against all of its most-traded counterparts after gold surged to a record as the greenback weakened. The dollar slid for a seventh consecutive day versus the euro as Bernanke said the central bank will likely continue reinvesting maturing debt after its $600 billion bond-buying program expires in June.