21 August 2001, 10:33  No Dollar Rebound

Pervasive negativity about the U.S. economic recovery kept a grasp on FX market sentiment and stopped the dollar from rebounding significantly ahead of the Federal Reserve's policy meeting Tuesday. The euro-dollar ended the day at $0.9138, with one trader noting that a close above the $0.9140 level might lead to another "test of the $0.9200 highs." Dollar-yen was little changed from midday levels and ended the day at Y120.75.

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