Dollar Recovers Ground Against Euro

The greenback was buying 102.52 Japanese yen, up from 101.71 yen previously.
By Simon Constable ,

The dollar rebounded against the euro Thursday on the back of slightly better-than-expected economic news.

Recently, one euro cost $1.5883, down from $1.5952 in the prior session. The dollar was buying 102.52 Japanese yen, up from 101.71 yen previously. British pounds were selling for $1.99 vs. $1.97.

The currency exchange-traded funds were trading in line with action in the foreign-exchange market. The

CurrencyShares Euro Trust

(FXE) - Get Report

and the

CurrencyShares Japanese Yen Trust

(FXY) - Get Report

were down 0.4% and 0.7%, respectively.

CurrencyShares British Pound Sterling

(FXB) - Get Report

was rallying about 1%.

In the metals market, gold prices slipped back. Benchmark bullion futures closed down $8.30 at $940.60 an ounce on the Comex division of the New York Mercantile Exchange.

The

streetTracks Gold Shares

(GLD) - Get Report

and the

iShares Comex Gold Trust

(IAU) - Get Report

were both down 0.6%.

As for the precious metals patch, shares of South African miner

Gold Fields

(GFI) - Get Report

were slipping 0.7%. Shares of

Goldcorp

(GG)

were off 2.4%.

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