Dollar Gains on China Industrial Concerns

The dollar gained today versus most of the main traded currencies as concerns that industrial capacity in China will be curbed and a disappointing climb in U.S. durable good orders spurred demand for safety, which is currently favoring the greenback.
This week has been positive for the U.S. dollar mainly versus the pound, which is facing domestic economic problems as the national central bank is struggling to end the current recession in the country. Other currencies like the euro and higher-yielding options in Latin America and South Pacific also lost versus the greenback as China is not providing solid evidences of recovery.
EUR/USD traded at 1.4249 as of 21:15 GMT from a previous rate of 1.4302 yesterday.

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