US dollar up

Posted by 7Star Thursday, April 9, 2009

The US dollar gained on Tuesday as a drop in global stocks, ahead of the start of what is expected to be a weak corporate results season, boosted the greenbacks allure as a safe haven. Data in Europe showing the euro zone economy recorded its deepest-ever-quarterly fall in the fourth quarter of 2008 also weighed on the euro. Bank stocks and industrial conglomerate shares led declines in Europe and on Wall Street.

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