The dollar rose a second straight day against the euro after a government report showed a drop in U.S. workers filing 1st time jobless claims in the past week.
The U.S. currency climbed to a 3 week high versus the yen as the data allayed concern a slowdown in housing and manufacturing is spilling over into the broader economy.
The dollar will be resilient in the short-term. People have been betting on a weakening economy, Fed rate cut and a weak dollar.
If you want to take a look at some cool analysis on the most important currencies, you can take a look at www.e-nvestments.blogspot.com
The U.S. currency climbed to a 3 week high versus the yen as the data allayed concern a slowdown in housing and manufacturing is spilling over into the broader economy.
The dollar will be resilient in the short-term. People have been betting on a weakening economy, Fed rate cut and a weak dollar.
If you want to take a look at some cool analysis on the most important currencies, you can take a look at www.e-nvestments.blogspot.com