Dollar Surges over Pound, Euro and Swiss FrancPublished February 23, 2010 by OCR Editor
The greenback shows some strong gains against heavy-hitting competition.
The foreign currency markets are indeed one of the most active global trading markets. With trillions of dollars in daily trades taking place, it comes as no surprise that the big seven in the industry are the US dollar, the Australian dollar, the British pound, the Swiss franc, the Japanese yen, the Canadian dollar and the Euro.
US dollar gains
Recent trading on the currency markets has reflected strong movement in favor of the US dollar. The dollar has gained in strength against the Swiss franc, the British pound and the euro. That it has also gained against the Japanese yen is notable. These movements come on the back of some strong gains in the US stock markets where the Dow Jones has shown some strong gains of late.
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