Forex | Forex | U.S. Dollar Pares Gains into Close (15/08/2009 02:25:20)

U.S. Dollar Pares Gains into Close

The U.S. Dollar traded sharply higher against most major foreign currencies before giving back some of the gains into the close.  Today’s bullishness for the Dollar was set off by an early morning report that showed U.S. consumer sentiment had declined from the last month.  Coupled with yesterday’s poor U.S. Retail Sales Report, investors now believe the recovery in the U.S. economy will not be as robust as previously thought.


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