Tuesday, September 26, 2006

Dollar getting stronger against majors

The greenback edged up higher against the majors in the Tuesday session, albeit within the confines of the recent ranges. The dollar pushed the euro beneath the 1.27-level to a one-week low at 1.2663, while shooting up past the 117-mark versus the yen. Propping the currency higher was a respite in the stream of soft US economic data, following the release of an upbeat consumer confidence survey and Richmond Fed manufacturing survey.
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