Forex outlook: dollar likely to go up next week

Posted by 7Star Sunday, April 5, 2009

The US dollar is likely to gain in the week ahead as a jump in the US unemployment rate to its highest since 1983 prompts investors to again seek the relative safety of the greenback. While other US data earlier in the week, including a survey on the US manufacturing sector and separately, home sales, eased concerns about the US economy.

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