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FX round-up: Dollar down on Dudley's comments
13-04-2012 06:00
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The dollar ended the day down on Thursday following news that William Dudley, President of the New York Federal Reserve, had commented that the US economy isn't yet robust enough to deal with the rate of unemployment in a significant way.
The dollar was also affected by a stronger euro (which rose to $1.3199 from $1.3102 the previous day) which was boosted by the sale of a number of Italy's three-year bonds.
The ICE dollar index, which measures the greenback against a basket of six other currencies, fell from 79.791 late Wednesday to 79.269 last night.
The pound was also up against the dollar, buying $1.5973 compared to $1.5906 late the previous day.
The Japanese yen dropped from ¥80.94 on Wednesday to ¥80.77 late yesterday.
Meanwhile, the Australian dollar was a strong performer following better-than-expected jobs data in the country.
The Aussie currency traded at $1.0442, up against $1.0306 prior the release of the data.
NR
The dollar was also affected by a stronger euro (which rose to $1.3199 from $1.3102 the previous day) which was boosted by the sale of a number of Italy's three-year bonds.
The ICE dollar index, which measures the greenback against a basket of six other currencies, fell from 79.791 late Wednesday to 79.269 last night.
The pound was also up against the dollar, buying $1.5973 compared to $1.5906 late the previous day.
The Japanese yen dropped from ¥80.94 on Wednesday to ¥80.77 late yesterday.
Meanwhile, the Australian dollar was a strong performer following better-than-expected jobs data in the country.
The Aussie currency traded at $1.0442, up against $1.0306 prior the release of the data.
NR
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