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Forex Dollar on Track for Weekly Gain on Upbeat U.S. Data, Sterling Slump – Investing Guru

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The dollar rose against its competitors Thursday as largely bullish financial statistics reaffirmed investor expectations that the U.S. economy stays on solid foundation, even though a slump in the pound also lifted sentiment. The, which steps the greenback against a trade-weighted basket of six major currencies, climbed by 0.26percent to 96.91. A deluge of financial data including retail sales which topped economist estimates paved the way for the greenback to add to gains, keeping it on course to record a fifth-straight weekly gain…………..

Read more: http://news.investingguru.com/2018/11/15/forex-dollar-on-track-for-weekly-gain-on-upbeat-u-s-data-sterling-slump/

 

 

 

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