Tuesday, July 31, 2007

Dollar edges up as stocks rally

(Reuters) - Stock indexes opened strongly, recovering for a second day from one of Wall Street's worst weeks in five years, boosted by a rosy corporate earnings outlook. But equities subsequently pared their gains, led by losses in the financial sector.




As a result, the dollar came off its highs against the yen and recovered modestly versus the euro, which at one point slipped below $1.37.


Read more at Reuters.com Hot Stocks News

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