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FOREX-Euro holds firm vs dollar after upbeat U.S. data

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Forum: Commodities & Forex
Posted By: Rniks
Posted On: 7/27/2009 11:57:11 PM
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Last Update: 7/27/2009 11:57:11 PM
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Rniks
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Posted on 7/27/2009 11:57:11 PM

FOREX-Euro holds firm vs dollar after upbeat U.S. data
The euro held firm against the dollar on Tuesday after hitting its highest in eight weeks the previous day, when a jump in U.S. new-home sales encouraged investors to seek riskier assets.

The Australian dollar jumped after Reserve Bank of Australia (RBA) Governor Glenn Stevens said the economy had fared well enough that upside risks to the outlook now balanced out those on the downside, adding there was a danger that low interest rates could inflate home prices.

http://www.reuters.com/article/marketsNews/idUST17917920090728
 
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