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Tuesday, January 09, 2007

Dollar Continues to Gain Strength

The Dollar continues to gain strength against the majors, hitting a 6-week high against the Euro. The modest rally lends credence to the theory that January has historically been a strong month for greenback performance. Early short-term speculators see the Dollar in a positive light to begin the year, and Fed comments from Atlanta Federal Reserve Vice President Donald Kohn helped steady the course for the inflation sensitive currency. Read More.....