US Dollar weaker Broadly On Positive Global Data
From MoneyTrading.com.au
The dollar's end-of-year strength continued to fizzle on Monday, the first day of active trading for 2010, as strong global manufacturing data painted a rosier economic picture, leading investors to buy riskier assets.
The dollar declined against the euro, yen and most of its major rivals, dropping sharply against commodity-linked currencies, such as the Australian dollar, as stocks and commodities posted big gains into the afternoon session.
Gold was up nearly 2%, while silver was up 3.5%.
The dollar's end-of-year strength continued to fizzle on Monday, the first day of active trading for 2010, as strong global manufacturing data painted a rosier economic picture, leading investors to buy riskier assets.
The dollar declined against the euro, yen and most of its major rivals, dropping sharply against commodity-linked currencies, such as the Australian dollar, as stocks and commodities posted big gains into the afternoon session.
Gold was up nearly 2%, while silver was up 3.5%.
posted by Money Trading at
8:54 AM
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