Forex Top Story

U.S. Dollar Pares Some Gains, But Stays Firm Against Major Counterparts

The U.S. Dollar gained against its major counterparts on Monday, extending recent climb on safe-haven appeal. As the euro drifted down amid concerns rising energy prices could result in stagflation and hurt euro area economic recovery.

The greenback pared some gains subsequently after oil prices retreated from nearly 14-year highs.

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by RTTNews Staff Writer

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