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The U.S. dollar fell against the euro Monday as news of a large economic stimulus package from China made traders more willing to take on risk.
The dollar trimmed gains against the euro Wednesday after data showed the U.S. services sector shrank more than expected in October.
The dollar fell against most major currencies Tuesday as investors await the result of the U.S. Presidential election and look toward central bank meetings later in the week.
So, CNBC asked four market watchers for stock picks -- given a five-year time horizon -- for 20-somethings. Check out their picks.
The Federal Reserve will not allow inflation to get out of control and is aware of the danger that a weaker dollar could feed into higher prices, one of its top policy-makers said.
The currency trade has become increasingly popular as stock markets continue to move sideways and safe-haven government-backed bonds offer low yields.
The weak dollar's leading role in oil's ascent to record highs is partly due to a tide of financial flows into commodity investments but also reflects a shift in the greenback's relationship with crude.