Dollar Recovers Ground Against Euro
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%.