April 19, 2010

Intra-Day Profit-Taking Helps U.S. Dollar Give Back Some Gains

The U.S. Dollar finished higher against most major currencies but intraday profit-taking helped the Greenback close well off its highs.

The early session rally in the Dollar began overnight in the wake of a lawsuit filed by the SEC against Goldman Sachs on Friday. Aggressive selling by investors of risky
stocks and commodities helped trigger the rally. Weaker equities, gold and crude oil sent a message that risk was going …