After several days gaining versus most of the 16 main traded currencies, the dollar dropped since risk appetite provided strength for currencies to gain versus the greenback, erasing partially gains earned on previous sessions.
The U.S. dollar had its rally halted today as optimism surged regarding the Dubai financial situation, as its brother Emirate, Abu Dhabi, started a bail out process essential for avoiding chaos in financial markets world wide, fueling traders with optimism and declining attractiveness for the greenback slightly.
EUR/USD traded at 1.4653 from an opening rate yesterday of 1.4624.
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