Forex Top Story

Dollar Retreats From 4-week High, Loses Ground Against Most Of Its Peers

The U.S. dollar turned easy on Thursday, retreating from a four-week high it had touched a session earlier, as the euro strengthened amid optimism about economic recovery, and the pound sterling gained after the European Union signaled its willingness to continue Brexit talks.

A recovery in crude oil prices lifted the loonie against the greenback, and increased risk appetite after technology stocks rebounded from recent heavy losses rendered the safe haven currency somewhat subdued.

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by RTTNews Staff Writer

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