Forex News

The U.S. currency rebounded versus the euro before the end of this week’s session as another positive report brought optimism towards the economic outlook in 2010 for the United States.

After losing versus the pound, euro, and higher-yielding currencies earlier, today the dollar managed to pare much of its losses as applications for jobless claims declined for another week in the U.S., surprising forecasts, and adding confidence that economic improvements are accelerating in the world’s wealthiest nation.

EUR/USD closed the week at 1.4329 from as high as 1.4441 before the report.

If you want to comment on the U.S. dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the US Dollar:

• Dollar Climbs Before Year End on Business Activity (2009-12-30)
• Dollar Drops on Risk Fueled Session (2009-12-29)
• Dollar Rises Before Confidence Report (2009-12-28)
• Dollar Rebounds on Jobless Claims (2009-12-24)
• U.S. Dollar Declines on Frustrating Housing Report (2009-12-23)

This entry was posted on Thursday, December 31st, 2009 at 10:34 pm and is filed under US Dollar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.