Dollar adds to gains but may soon retreat

Posted by Forexsq 1087 days ago (
img The U.S. dollar extended its gains in Thursday trading in Asia, though some analysts saw more downside ahead for the greenback until the fiscal cliff is resolved.

By the afternoon in East Asia, the ICE dollar index DXY -0.06% , which tracks the currency against a basket of six rivals, had risen to 79.886 from 79.774 late Wednesday in North America.

Wednesday saw the dollar move higher, helped by losses for the euro after a weak Spanish bond auction. forex

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