SYDNEY (Thomson Financial) – The US dollar was mixed against major currencies in morning Sydney trade Wednesday with the greenback getting some support from safe haven buyers moving to cut risk in the wake of fallout from the US subprime loans crisis. GFT senior financial analyst Ian Copsey said the dollar has found its lows against the euro, sterling and Australian dollar and is set to track back up over the balance of the year, as recent data shows the US economy is not in as bad shape as previously feared. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
[Tags]news, afx, content, dollar, forbes, , forex news[/Tags]
Speak Your Mind