Greenback Mixed on Gloomy US Data

By Hans S. Nilsson
06 January 2009 @ 06:44 pm EDT

* The dollar gained against the euro and yen but surrendered part of its overnight gains after another dose of weak US economic data. Federal Reserve officials saw "substantial" risks to the US economy, the FOMC minutes released Tuesday showed. Sterling gained against the euro for a second day on speculation the UK economy will rebound faster than the eurozone economy. The Canadian dollar appreciated to the strongest level in two months versus the greenback as commodities advanced and crude oil traded above $50.

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