(Bloomberg) -- The dollar rose against the euro as
charts some investors use to predict currency moves suggested
its decline to a record was too rapid.
The U.S. currency gained against all but three of its most
actively traded counterparts as average profit growth for the
second quarter among U.S. firms in the Standard & Poor's 500
Index has so far exceeded analysts' forecasts. The dollar has
fallen 1.2 percent against the euro so far this month on
speculation housing weakness may slow economic growth.
Read more at Bloomberg Currencies News
charts some investors use to predict currency moves suggested
its decline to a record was too rapid.
The U.S. currency gained against all but three of its most
actively traded counterparts as average profit growth for the
second quarter among U.S. firms in the Standard & Poor's 500
Index has so far exceeded analysts' forecasts. The dollar has
fallen 1.2 percent against the euro so far this month on
speculation housing weakness may slow economic growth.
Read more at Bloomberg Currencies News
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