Dollar Pare Losses on Renewed Attractiveness

  August 28th, 2009 at 23:39

US DollarThe dollar gained versus the euro and the pound in the very end of this week’s session as a bearish movement in stock markets increased attractiveness for the relative safety of the U.S. currency.

Continuing in the role of main global reserve currency, the dollar climbed versus its most traded rivals before market closed today, gaining versus the euro and the pound as uncertainties remain strong concerning the global economy recovery, rising attractiveness for the relative safety provided to investors by the greenback.

EUR/USD closed at 1.4303 after being traded at 1.4383 a few hours earlier.

If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.

Leave a Comment

Name Required

Email Required

Website

Comment

Archives

SUBSCRIBE

Searching for a proper Forex broker? See the list of recommended Forex brokers.