Forex | Forex Strategies | Dollar Falls as Stocks Reverse Losses (28/08/2009 02:13:01)

Dollar Falls as Stocks Reverse Losses

Dollar Falls as Stocks Reverse Losses The dollar declined in NY trading Thursday as US stocks reversed earlier losses and closed higher. US Q2 GDP beat market expectations and jobless claims declined. The dollar index fell to 78.06, about 0.5 point above important support. The S&P 500 was up 2.86 points to 1,030.98. The euro rose on improving risk appetite. Germany’s consumer confidence climbed to a 15-month high and consumer prices unexpectedly increased. Sterling gained against the


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