Greenback Momentum May Carry Over While S&P 500 Looks Heavy
The US dollar rose against most of the major currencies last week, with the Australian and New Zealand dollars the main exceptions.For the third consecutive week, the euro was confined to a $1.12 handle.The dollar posted a key reversal lower against the yen on July 10 as it turned back from JPY109.Worries about Pemex may have weighed on the peso last week.The S&P 500 fell 1.25% last week.
The US dollar rose against most of the major currencies last week, with the Australian and New Zealand dollars the main exceptions.For the third consecutive week, the euro was confined to a $1.12 handle.The dollar posted a key reversal lower against the yen on July 10 as it turned back from JPY109.Worries about Pemex may have weighed on the peso last week.The S&P 500 fell 1.25% last week.
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