Dollar Rises Before Confidence Report
The U.S. currency reverted a negative trend versus the euro before a consumer confidence report to be published tomorrow, which is likely to indicate improving conditions, raised attractiveness for the greenback in
After losing for several consecutive days versus the euro and the yen, the dollar rebounded today in a rather calm trading session as liquidity declines in this period between Christmas and the New Year. Reports tomorrow are likely to improve confidence towards the U.S. economy, continuing a series of positive data which is fueling a dollar rebound since the beginning of the month.
EUR/USD traded at 1.4378 as of 21:28 GMT from 1.4412 hours earlier.
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Earlier News About the US Dollar:
- Dollar Rebounds on Jobless Claims (2009-12-24)
- U.S. Dollar Declines on Frustrating Housing Report (2009-12-23)
- Home Sales Optimism Sets Greenback to Record High (2009-12-22)
- Emerging Market Currencies to Decline in 2010 (2009-12-21)
- Dollar Remains Strong on Economic Outlook, Euro Concerns (2009-12-21)