U.S. Dollar

The dollar and yen fell against most of their major counterparts after a U.S. government report showed a third weekly reduction in the number people collecting unemployment benefits, boosting demand for higher yields.
“The dollar is under pressure as risk comes back on today,” said Gavin Friend, a markets strategist at National Australia Bank in London. “We’re not out of the woods yet when it comes to risk aversion. Tomorrow’s U.S. gross domestic product numbers will be key for giving the market some direction.”

Jul 30 · 12:19:00 PM · Source: Bloomberg.com
email · face · Twitter · digg · COMMENTS
by Rich Pike