(Reuters) - Solid economic data last week has offered the U.S. currency a respite from a wave of selling that pushed it to a record low versus the euro last month, and chances that the Fed will not cut rates from 5.25 percent in the coming months has prompted some investors to pare back short dollar positions.
"There's a feeling that the recent dollar selling has gone too far, so we're seeing some short covering," said Takehiko Jimbo, a forex manager at Mitsubishi UFJ Trust and Banking.
Read more at Reuters.com Hot Stocks News
"There's a feeling that the recent dollar selling has gone too far, so we're seeing some short covering," said Takehiko Jimbo, a forex manager at Mitsubishi UFJ Trust and Banking.
Read more at Reuters.com Hot Stocks News
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