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Thursday, April 24, 2008

forex dollor rises

The dollar rose broadly on Thursday after government data showed better-than-expected readings on weekly jobless claims and last month's durable goods, indicating that the U.S. economy may be stabilizing. The U.S. data is pretty clearly dollar positive and we're coming off some weaker European data today already," said Brian Dolan, head of research at consultancy Forex.com, in Bedminster, New Jersey. In morning trading in New York, the euro was 1.2 percent lower at $1.5701 , nearly 3 cents below Tuesday's record highs.

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