Dollar Mixed on Debt Talks as European Woes Resurface

July 27, 2011   |   July 2011 Bond Updates
The dollar?s fight back campaign against selling by investors wary of a debt downgrade for the U.S. should lawmakers fail to agree on raising the $14.3 trillion debt ceiling ran into difficulties after a durable goods report disappointed. Several units ran up to multi-year peaks or record highs against an ailing greenback before yet unresolved European issues unsettled the single currency. Monetary policy expectations in Australia also reversed course following a jump in consumer prices leading some to believe that the next move from the central bank will, after all, be upwards.

View more at: http://blogs.forbes.com/greatspeculations/2011/07/27/dollar-mixed-on-debt-talks-as-european-woes-resurface/
 
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