US Dollar Making Strong Gains on Flight from Risk

24 August 2010 @ 06:19 am EDT

The US dollar has been on the upside for the past several trading days. Against its primary rivals, the greenback has made modest growth. The EUR/USD pair has slid from its recent high of 1.2900 to currently trade just over 1.2600, and there doesn't seem much in the way of slowing this movement. Against the British pound, the dollar has made remarkable gains to push the pair back towards 1.5400 from recent highs around 1.5700.

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