17 December 2004, 11:41 The Dollar Extends Gains
The dollar extended gains on Friday after a positive batch of U.S. economic data prompted speculators to buy the currency before trade trickles down during the year-end holiday season.
A smaller than expected U.S. current account deficit for the third-quarter, a strong survey of mid-Atlantic manufacturing and a sharp drop in jobless claims on Thursday all spurred a rally in the U.S. currency.
© 1999-2024 Forex EuroClub
All rights reserved