17 October 2001, 09:54  The dollar rebounded slightly vs most major currencies

at the close Tuesday of U.S. trading hours, following frenzied dollar selling earlier in the day, traders said. When asked if there was any specific piece of news driving the dollar, traders called it "repositioning." The euro-dollar ended the day at $0.9084, after being unable to break much over the $0.9110 level earlier. "The U.S. dollar should be getting smashed at the moment but the confidence that Greenspan, Powell, Rumsfeld et al contradicts the bickering going on in the Eurozone, so no wonder the dollar is getting support," the trader said. Dollar-yen also was causing confusion among traders and many were badly burnt by Tuesday's sharp swings.

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