Dollar Gains on Jobless Claims Decline

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

Leave a Reply

Your email address will not be published. Required fields are marked *